this post was submitted on 20 Oct 2023
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[–] lopea182@alien.top 1 points 1 year 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 1 year 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.

[–] captmorgan50@alien.top 1 points 1 year ago

What do you think business and events do? Same thing.

OKC used to have the National Finals Rodeo. Vegas said we will do better facilities and more prize money. Bolted in 10 minutes never to return.

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