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At the moment, lawmakers have proposed using taxpayer money to build new NFL stadiums in at least three cities: St. Louis, Missouri; San Diego, California; and Oakland, California.
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.
Column: As taxpayers tire of handouts to billionaires, Major League Baseball demands public funding for a Vegas stadium Michael Hiltzik April 24, 2024 at 6:00 AM
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The non-partisan California Legislative Analyst's Office estimated the proposition will result in "costs of about $1.8 billion to pay off both the principal ($900 million) and interest ($856 million) on the bonds; costs paid by participating veterans. Average payment for principal and interest of about $59 million per year for 30 years."
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Veterans Memorial Stadium (also known as Veterans Stadium, Vets Stadium or simply The Vet) is an 11,600-seat stadium used mostly for football and soccer located south of the Liberal Arts Campus of Long Beach City College in Long Beach, California. It is the home stadium to a number of local area high school football teams, as well as Long Beach ...
Jackson County, Missouri, voted not to extend a sales tax that would have benefited the Chiefs and the Royals. Taxpayers Refuse To Pay New Stadium Expenses for Billionaire Sports Owners Skip to ...