Re:Taxpayers Should Never Subsidize Stadiums
by streichg on Saturday January 05, 2019 @05:01PM
(#18834556)
I guess you speak about the new stadium in Zürich. The government actually doesn't pay for the new stadium. The deal is that the city gives investors some land for free, where they can build the stadium. The investors also get some more land where they can build housing to get a return on there spendings. The city itself doesn't spend anything on building or maintaining the stadium.
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Re:Taxpayers Should Never Subsidize Stadiums
by briandear on Saturday January 05, 2019 @06:49PM
(#18835203)
How can I get public land in Zurich for free to build my private enterprise?
Re:Taxpayers Should Never Subsidize Stadiums
by mr_toad on Saturday January 05, 2019 @07:31PM
(#18835426)
It’s a lot like dating.
You start with a common interest. Like golf. Then you invite them to party on your super-yacht. Before you know it you’ll be taking limousines to all the same $10,000 per plate charity events together and showering their non-profit-campaign-fund in ‘gifts’.
Re:Taxpayers Should Never Subsidize Stadiums
by streichg on Sunday January 06, 2019 @06:46AM
(#18837851)
The thing is that owning a stadium is not a for profit enterprise in Switzerland as it may be the case in other countries. The investors that won the contract to build and maintain the stadium are not expected to make any money with it. Also the land that they get for housing is not free but it gets sold to them at lower than market prices (I got that wrong in my earlier comment).