Quote:
Originally Posted by opendoor
It's also important to note that those taxes already exist and are being used to fund the city's contribution to the Cowboys' stadium. The city has simply elected (with the approval of voters in last November's referendum) to continue charging those taxes further into the future to fund their portion of the Rangers' stadium as well.
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A few other interesting things.
The city paid 1/4 of the cost of Cowboy stadium.
The tax generates around 25 million per year
The city 23 years go when this tax was implemented payed 135 million for Arlington stadium for the rangers.
The ticket tax that the cowboys had on their Stadium was borrowed by the city but guarenteed by the cowboys.
Essentially the city of Arlington gives 25 million per year to professional sports teams and collects no direct revenue from them. Compare to Calgary at 6 million CAD.
That seems like a crazy amount to pay for the privilege of paying to watch sports. If one assumes that the Cowboys is half of the tax they pay 1.5 million per game hosted each year.