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Re:Taxpayers Should Never Subsidize Stadiums by mbreese on Saturday January 05, 2019 @06:45PM (#18835176)
Don’t bring Cincinnati into this! Cincinnati learned these lessons the hard way with their stadium deals in the 90s.

For the new MLS stadium being built here, the stadium is being privately financed. Public money is going to be used for a parking facility and other supporting infrastructure like streets, etc.

Re:Taxpayers Should Never Subsidize Stadiums by foota on Saturday January 05, 2019 @06:48PM (#18835200)
That... Sounds like subsidizing the stadium.
Re:Taxpayers Should Never Subsidize Stadiums by mbreese on Sunday January 06, 2019 @08:38AM (#18838236)
The city is paying for expanding general use parking in the downtown area around the stadium. It’s something that will be needed by everyone in that area, as is upgraded traffic infrastructure (lights, etc).

Yes, the enhancements are needed because of the new stadium, but the benefit is not entirely to the MLS team.

And these are nothing like the deals made many years ago where the city/county build stadiums for the Bengals and Reds and covered the entire cost, which is what was alluded to in the parent.

Re:Taxpayers Should Never Subsidize Stadiums by hedora on Saturday January 05, 2019 @10:48PM (#18836443)
MLS has a bogus non-profit status, just like the NFL.

That’s a huge subsidy. The lost property taxes on the developed stadium alone are huge

Re:Taxpayers Should Never Subsidize Stadiums by labster on Saturday January 05, 2019 @10:33PM (#18836394)
So the profitable part is owned by the private financiers, and the city only pays for all the externalities?
Re:Taxpayers Should Never Subsidize Stadiums by hedora on Saturday January 05, 2019 @10:49PM (#18836447)
Yeah, but the city doesn’t need to deal with the burden of owning the intellectual property, like the team name, etc.