Re:Amazon Pulls Out of Planned New York City Campus
by loeg on Thursday February 14, 2019 @02:04PM
(#19164799)
You've got it backwards.
Sports are very popular, and stadium-lovers are vocal with their representatives.
But they are an outspoken minority. The majority of tax-payers do not support subsidizing stadiums.
And stadiums will get built regardless of whether the city gives them free money, because they're profitable. So why subsidize private profits from public coffers?
Re:Amazon Pulls Out of Planned New York City Campus
by imnotlost on Thursday February 14, 2019 @02:30PM
(#19165090)
IT never works out for the city/tax payer.
Stop Padding Billionaires’ Profits by Paying for Sports Stadiums
https://ritholtz.com/2018/07/stop-padding-billionaires-profi...
Football stadiums get subsidized because football is extraordinarily, wildly popular with most of the people that pay taxes. Those taxpayers spend massive sums of money on sports every year, across the NFL / MLB / NBA / NHL / MLS / NCAA. Those people pay most of the taxes that fund the government that then pays for the stadium subsidies.
Taxpayers love sports, love spending money on sports, and the majority of taxpayers are clearly fine with subsidizing sports at all levels. They vote with their dollars and... votes, over and over again, year after year, decade after decade, to keep supporting sports subsidization.
See: football attendance and ticket spending on NFL and college games annually, as well as sports packages for television, merchandise sales, etc.