Re:Cities should not pay for new stadiums
by BolexNOLA on Tuesday March 15, 2022 @07:51PM
(#30693495)
The answer to arts funding is not “capitalism” any more than military funding is. We don’t question the financial cost there because we assume there is a broader benefit beyond direct profits. Why aren’t the arts treated the same way? Do people really not see why they are worth funding, regardless of whether or not they turn a profit?
Unless I’m misunderstanding your point, you’re sort of indirectly advocating against grants for the arts. Is that accurate?
This is exactly what capital markets are for and some capable and incentivized entrepreneur would acquire/develop such a venue and charge rental rates as applicable.