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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

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

What you dont get is most cities have a hotel tax of % of each hotel room/night. The more people these venues attract to the city the more money the government collects.

This money is then used by the city to re invest into events etc.

The other thing is when you bring people to the city you also have people spending money at local businesses/restaurants.

Eg New York

Each room night is charged New York State tax of 8.875%, a New York City tax of 5.875%, a New York City Occupancy Tax of $4.00, and a New York State hotel unit fee of $1.50.

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