06-13-2017, 02:09 PM
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#2974
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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looks like in the states they are tired of public funding for stadiums
http://www.espn.com/espn/story/_/id/...-fund-stadiums
Quote:
A group of politicians who are tired of taxpayer money being used to build sports stadiums on Tuesday will introduce a bill in the Senate to prohibit the practice.
Cory Booker, D-N.J., and James Lankford, R-Okla., are sponsoring a bill that would prohibit teams from using municipal bonds, whose interest is exempt from federal taxes, to help finance stadium construction.
"Professional sports teams generate billions of dollars in revenue," Booker said in a statement. "There's no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums. It's not fair to finance these expensive projects on the backs of taxpayers, especially when wealthy teams end up reaping most of the benefits."
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