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A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue. Stadium subsidies can come in the form of tax-free municipal bonds , cash payments, long-term tax exemptions, infrastructure improvements, and operating cost subsidies.
In some cases, sports teams are even seeking a new jolt of public funding for state-of-the-art stadiums while public entities are still paying off debt from the last round of renovations a couple ...
Using numbers from a sports research and consulting firm, CNN reported, "Twenty new NFL stadiums have opened since 1997 with the help of $4.7 billion in taxpayer funds." See photos of the 10 most ...
Sports stadiums and arenas can cost hundreds of millions, even over a billion, dollars. Then, they stand to make teams and their owners a lot of money. Sports owners around the country have pushed ...
The majority of current NFL stadiums have sold naming rights to corporations. Only 3 of the league's 30 stadiums — Arrowhead Stadium, Lambeau Field, and Soldier Field — do not currently use a corporate-sponsored name. Though the Chiefs sold naming rights of the football field to GEHA, the team retain stadium branding under the Arrowhead ...
Sweet land rights deals are a subsidy public officials can give to owners to pay for the skyrocketing costs of building new stadiums. “It makes perfect sense for a team owner to play real estate ...
The South Philadelphia Sports Complex is the home of four prominent Philadelphia professional sports teams. The complex is located in South Philadelphia and is the site of Wells Fargo Center, home arena for the Philadelphia 76ers and Philadelphia Flyers, Lincoln Financial Field, home field for the Philadelphia Eagles, Citizens Bank Park, home field for the Philadelphia Phillies, and Xfinity ...
When it comes to paying for NFL stadiums, no city got stuck with a bigger bill than the citizens of Indianapolis and Indiana. See where your city comes in. The amount of money the public pays for ...