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[Seattle Times] 15 years after moving Sonics, now it’s the Thunder asking for publicly funded arena (www.seattletimes.com)

submitted 11 months ago by Attention4Sale@alien.top to c/nba@nba.space

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[–] lopea182@alien.top 1 points 11 months ago (201 children)

I will never understand why public funds should pay for >50% of the funds for a privately owned sports clubs arena

[–] junkit33@alien.top 1 points 11 months ago (7 children)

I'll never understand why people don't understand why this happens. It's so absurdly simple:

Team wants new stadium
Team demands current city pay for stadium, else team will run away to one of a dozen other cities who would happily pay for the stadium instead
Either current city pays up to not lose the team, or team relocates to city who will pay
The end

People can debate the positive/negative economics of it all day long, but it's really neither here nor there. Bringing in a pro sports team to your city is a politically super popular move, and politicians only care about whatever helps them win their next election.

[–] TequilaBlanco@alien.top 1 points 11 months ago

People who wine about the economics don't understand the leverage and owner group has. Just cause it's the right thing to do, it doesn't mean it's the smart thing to do.

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