Why Does The Public Pay For Stadiums? Public funds used for a stadium or arena can generate new revenues for a city only if one of the following situations occurs: 1) the funds generate new spending by people from outside the area who otherwise would not have come to town; 2) the funds cause area
Are Sports Teams Profitable For Cities? Sports teams get investments from cities with public money and then generate private revenue. How does a sports team benefit a city? Why Cities Subsidize Sports First, building the facility creates construction jobs. Second, people who attend games or work for the team generate new spending in the community,
Are Stadiums A Good Investment? Are stadiums a good investment? Assuming a differential of 3 percentage points, the discounted present value loss in federal taxes for a $225 million stadium is about $70 million, or more than $2 million a year over a useful life of 30 years. Do stadiums make profit? Stadiums make money