Re:Cities should not pay for new stadiums
by ansible on Tuesday March 15, 2022 @08:02AM
(#30684276)
> No. You can just...refuse to subsidize them. Seems to be working fine for Seattle, where IIRC the renovated stadium for their new NHL team was privately funded.
This also works for the Green Bay Packers (American Football). To raise money for an upgrade / expansion of their stadium, they just issued more ownership certificates, and the fans of the team bought them. GB has a unique ownership model compared to the rest of the NFL though.
This also works for the Green Bay Packers (American Football). To raise money for an upgrade / expansion of their stadium, they just issued more ownership certificates, and the fans of the team bought them. GB has a unique ownership model compared to the rest of the NFL though.