Thursday, September 28, 2017

NFL DIRTY SECRET ON WHO FUNDS STADIUMS EXPOSED THE TAXPAYER See Spreadsheet

Mega Billions a lot of dough. Is how much money the NFL league takes from taxpayers. We are talking TRILLIONS when you include other sport venues i.e. basketball, baseball and other sports that require stadiums.
The Chargers want $350 million from the city of San Diego 
to build a new, $1 billion stadium downtown, and they 
think they’re being reasonable

Fox Sports Taxpayers have spent a staggering amount of money on NFL stadiums in the last 20 years reported in March that taxpayers have spent a mind-blowing amount of money to help fund the building of new football stadiums in the past two decades, and we’re not talking peanuts — we’re talking in the billions of dollars of public funds.

Cory Booker, D-N.J. “There’s no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums. It’s not fair to finance these expensive projects on the backs of taxpayers, especially when wealthy teams end up reaping most of the benefits,” he said in a statement.
Fox reported that over the last 20 years, taxpayers have spent more than $7 billion nationwide to build or revamp NFL stadiums, amounting to roughly 46 percent of the costs of the projects.
Sports Business Journal reported that the NFL will rake in about $14 billion in revenue this season, a number that seems to suggest that the league does not need one cent of taxpayer money.

Spreadsheet original post: https://docs.google.com/spreadsheets/u/0/
The news outlet also provided this spreadsheet of costs that broke down the costs by individual team and noted that it was not complete because it did not factor in how much it costs the public to run a stadium on game days and it did not include the value of tax breaks given to NFL teams.

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