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re: Sports Teams Tax Subsidies

Posted on 9/10/20 at 8:22 am to
Posted by White Bear
Yonnygo
Member since Jul 2014
14073 posts
Posted on 9/10/20 at 8:22 am to
quote:

Yes. And it's not even close.
Three numbers. Let's see them. Gross, cost, net.
Posted by Barstools
Atlanta
Member since Jan 2016
9479 posts
Posted on 9/10/20 at 8:32 am to
The econonomic impact on the city of Atlanta was $400 million. If the Final four wasn't canceled this year, they likely would have benefitted another $150 million. Taxpayers paid around $700 million, almost "covered" in 2 events. Then you include property taxes, state payroll taxes, utilities, jobs created, sales taxes from merchanise/concessions, all the other shite they bring in and pay out to the city on a monthly basis, its obvious very quickly the city benefits more from having a team and a stadium than not. I can't even really believe we're having this discussion.

This post was edited on 9/10/20 at 8:43 am
Posted by Lickitty Split
Inside
Member since Apr 2017
3913 posts
Posted on 9/10/20 at 8:35 am to
The state has made more than the Bensons rich off of the professional teams. Think about the upgrades to the Superdome, the addition of the Smoothie King Center and costs of construction and consulting.

This state throws more money to bull shite entertainment than to actual necessity. It’s why we will never have nice things in Louisiana.
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