However, the guy is mid 40s and looks like he is in better shape than most 20 year olds. He must be doing something right.
Yea. I was making fun of him in my own snide way.
First off.
They also are promising the Chiefs a stadium with a dome or retractable roof that can host Super Bowls, college basketball Final Fours and huge indoor concerts.
This is what we should be doing in charlotte. Not spending money to refurb and old stadium.
Second.
Why would Kansas want to do this considering they can get all the benefits of having a local team without having to pay for it. They should want them to stay on th Missouri side of the border and they just hey to drive over and watch the games.
Weird.
Nothing new here about what most economists think about publicly subsidized stadium projects but 2nd Q&A in quote pretty much spot on:
RASCOE: So what do economists tell you about the cost benefit of these deals for taxpayers?
LIEB: Well, this is one instance where most of the economists are unified in saying itās not worth it on a strictly dollars-and-cents base for the taxpayers. Let me give you one example of that. In 2017, Georgiaās professional baseball and football teams each moved into new stadiums. The Atlanta Falcons built a 1.6 billion dollar downtown stadium and blew up the stadium that was next to it. Meanwhile, the Atlanta Braves, the baseball team, moved from downtown out to the suburbs.
An economist called J.C. Bradbury at Kennesaw State University studied the impact of the Bravesā move to a stadium that was surrounded by housing, retail, entertainment, commercial developments - all the sorts of things that teams are looking for now. He found that there was an increase in local sales tax revenue consistent with greater economic activity in the new area where the Braves located, but it was not enough to cover the public subsidies that they received.
RASCOE: So why do local governments keep spending money on these projects?
LIEB: People have come to identify professional sports teams with their communities, as part of their culture, a sense of pride, perhaps, that comes along with being a major league city or an NFL football city. So thereās the economics of it, which maybe donāt always pan out, but then thereās the political and cultural realities of it, and there is a public demand for professional sports.
Link to entire piece plus audio:
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clt would like to see the facts behind the braves stadium, how long are the government reimbursements?
run49er:
Like I said before. Itās the fun tax.
You canāt break down investment in sports facilities to a spreadsheet.
These are not widget factories.
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