How do large commercial construction projects like stadiums actually make money?
In: Economics
Many American stadiums are built at great cost to the taxpayers. On top of that, the owners of the stadiums are usually able to negotiate extremely low taxes for their shiny buildings. If they’re met with resistance, they appeal to the loyalty of sports fans and threaten to move cities if they don’t get their way. Considering most franchise owners are billionaires, and can easily absorb the cost of stadiums and their overhead costs, it’s no wonder that more attention is finally being paid to this issue.
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