Thread: Why do taxpayers pay billions for (am.) football stadiums?
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Old 02-05-2018, 10:04 AM  
Paul Markham
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Quote:
Originally Posted by kane View Post
In the US the pro sports leagues to occasionally expand and add new teams, but it doesn't happen very often. That last new NFL team was in 2002 and there have only been five new teams since 1976.

Often times teams move because they get better deals and can make more money. In Oakland, the team wanted a new stadium and they had trouble getting a deal for any number of reasons so they got an offer for a brand new multi-billion dollar facility in Las Vegas and took it. The new stadium will help the team make more money so Oakland is going to lose the team to Vegas.
The teams make more money. The taxpayer foots the bill. Local amenities are cut back. Unless local taxes are raised to cover the costs.
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