View Single Post
Old 06-13-2017, 02:09 PM   #2974
GirlySports
NOT breaking news
 
GirlySports's Avatar
 
Join Date: Jan 2007
Location: Calgary
Exp:
Default

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."
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire

GirlySports is offline  
The Following 2 Users Say Thank You to GirlySports For This Useful Post: