Washington D.C. Politicians Being Shady As Shit About New Soccer Stadium

The debate over an arena for D.C. United—with a proposed site cost of $300 million, it would be by far the most expensive soccer-specific stadium project in the country—has been long and contentious but stands on the verge of a major step: the approval of the Washington D.C. City Council. But the day before a study on… » 11/04/14 4:58pm 11/04/14 4:58pm

Raiders Closing In On Stadium Deal To Keep Team In Oakland

It looks like Oakland Raiders owner Mark Davis got exactly what he wanted out of all of those fancy steak dinners in San Antonio and all that public kissy-face with Los Angeles. According to the San Francisco Chronicle, the city of Oakland has cobbled together a deal for a new stadium that would keep the Raiders in… » 9/03/14 12:31pm 9/03/14 12:31pm

Red Wings Generously Agree To Accept Huge Sums Of Money From Public

Yesterday, the Detroit Red Wings unveiled plans for their brand new publicly subsidized $450 million arena development. The arena, which promises to include $200 million additional investments in mixed-used development, will break ground in September. The Ilitch family, which owns the Red Wings and Tigers, is calling… » 7/21/14 10:33am 7/21/14 10:33am

Opponents Barred From Speaking As Cobb County Approves Braves Stadium

This is the point where you just tip your cap to the Braves, and acknowledge that they won. Even at a time when politicians and taxpayers are getting wary about publicly funding stadiums, the Braves just walked away with nearly $400 million from Cobb County, Ga., for a new ballpark, and did so without the nasty… » 5/28/14 8:56am 5/28/14 8:56am

Inside The Barclays Center's Mysterious Meditation Room

In exchange for giving Forest City Ratner more than $300 million in public subsidies to build the Barclays Center in downtown Brooklyn (and that's not counting additional tax breaks and below-market land), the developer promised to give back to the community, including affordable housing, and new railyards. Precisely… » 3/21/14 11:41am 3/21/14 11:41am

Six Ways The Florida Panthers Want To Screw Broward County

The Panthers want public funds to fix up the BB&T Center. Something in the neighborhood of $80 million in tax subsidies would be nice. They're asking because it'd be corporately negligent for a franchise not to at least try to milk taxpayers out of cash for something that won't economically contribute to the area, and… » 3/18/14 2:04pm 3/18/14 2:04pm

Dolphins Offer To Pay For Majority Of Sun Life Stadium Upgrades

Just nine months after trying—and failing—to get nearly $400 million in taxpayer dollars to pay for renovations to Sun Life Stadium, word comes out of Miami that Dolphins owner Stephen Ross is willing to pay for the majority of the upgrades himself. This should be remembered every time a team tries to hold its city or… » 3/10/14 6:49pm 3/10/14 6:49pm

Rams Owner Buys Stadium-Sized Site In Los Angeles

There have been so many rumors and pie-in-the-sky dreams about a Los Angeles football stadium that we won't believe it's happening until they actually cut the ribbon. But so far, nothing has come to nothing because those dreams were held by rich men hoping to lure an NFL team to L.A. This one's different. The man who… » 1/31/14 9:19am 1/31/14 9:19am

Reports: The Nationals Asked D.C. To Buy Them A Roof For $300 Million

The math of stadium financing always seems to be addition. Nationals Park opened in 2008, and the $693 million ballpark was entirely paid for through public funding. Now, according to multiple reports out of Washington, the Nats have approached local officials about building a retractable roof over the stadium, with… » 11/26/13 5:45pm 11/26/13 5:45pm

For The First Time Ever, The Miami Heat Paid Rent

The financing on American Airlines Arena, which opened on Dec. 31, 1999, is unique. The Heat paid the full construction costs of the $213-million building, which is owned Miami-Dade County. That's good! In exchange, Miami-Dade gave them the $38-million plot of land, and promised $6.5 million in annual subsidies.… » 11/22/13 6:06pm 11/22/13 6:06pm