stadium-financing Page 4 - Sports News, Headlines & Highlights

The Raiders Robbed Las Vegas In America's Worst Stadium Deal

When the Las Vegas Raiders kick off in 2020, they’ll be playing in the most expensive stadium in the world. The total projected cost of the site checks in at around $1.9 billion, a number topped only by the Rams’ and Chargers’ new complex in Inglewood that will cost approximately $2.1B, though that ...

The Braves Will Wring An Extra $30 Million Out Of Taxpayers For Traffic Control

The Atlanta Braves began this season playing in a shiny new stadium located out in Cobb County. The new ballpark cost local taxpayers nearly $400 million, and at one point, the county was forced to raise taxes to pay for public parks because they’d overpaid so severely for the stadium, which is alre...

The Sabres Will "Host" The Rangers In The NYC Winter Classic For A Specific Tax Purpose

The NHL announced Tuesday that the Sabres and Rangers will play the 2018 NHL Winter Classic at the Mets’ stadium in Queens. Despite the fact that the Sabres reside hundreds of miles away in Buffalo while the Rangers are only a borough away, the Sabres will be the “home team.” The NHL said that the d...

Get A Load Of The<i> Washington Post</i> Toting Water For Dan Snyder's Upcoming Stadium Scam

Nothing in this fawning Washington Post profile of Bruce Allen, team president of D.C.’s NFL franchise, would seem so much as a hair out of place in a glossy gameday program handed out by team employees inside the home stadium. To the extent it contains a thesis more complex than Bruce Allen is good...

This Is The Saddest Attempted Stadium Grift I've Ever Seen<em></em><em></em>

Earlier this week, the NCAA announced that the men’s and women’s basketball tournaments will be returning in 2022 to Cincinnati, Ohio, for the first time in over 30 years. The bid to bring back first- and second-round games was won by the owners of the former Riverfront Coliseum, the largest indoor ...

Florida's Go-To Stadium Economist Is A Hack, A Shill, And Also Not An Economist<em></em>

If you are even a casual Deadspin reader, you know a couple of truths: Stadiums and arenas provide little-to-no economic benefit to their communities, and studies written to support public funding for stadiums and arenas are almost universally bogus. Tampa CBS-affiliate WTSP found a frightening coll...

Oakland Taxpayers Will Still Be On The Hook For $163 Million After The Raiders And Warriors Leave<em></em><em></em><em></em>

When the city of Oakland brought the Raiders back from Los Angeles in 1995, then-mayor Elihu Harris enticed Al Davis with $200 million in improvements to the Oakland Coliseum. The city paid for the construction with taxpayer-backed bonds, and their initial plan was to pay off the bond by selling per...

The Raiders Have Found Someone To Pay For The Rest Of Their Big Dumb Stadium

The Oakland Raiders would very much like not to be the Oakland Raiders for much longer, and their ability to shed their Bay Area digs for the desert depends in part on how well they can put together a $1.9 billion deal for a new stadium. Billionaire GOP donor/goblin king Sheldon Adelson was supposed...

Mike Ilitch Was No Saint<em></em>

If you only went by what you read in the Detroit papers this week, you’d think Mike Ilitch—the pizza baron and owner of the Detroit Red Wings and Tigers who died last week at the age of 87—was a god incarnate. And for the last three decades, if you’d asked anyone in Michigan, you’d have gotten the s...

Report: Arizona Coyotes Exploring Possible Relocation To The Pacific Northwest [Update]

The Arizona Coyotes are not happy with their situation in Glendale. The team had the framework of a plan to move to Tempe until late last week, when Arizona State pulled out of a potential deal. Taxpayers still owe $150 million on the Coyotes’ 14-year-old stadium, but owner Anthony LeBlanc is going ...

Legislative Auditor Smacks Down Minnesota Sports Facilities Authority Over Luxury Suite Freebies<em></em>

The Minnesota Legislative Auditor has released an extensive special report on the use of luxury suites at the publicly funded Minnesota Vikings stadium by commissioners of the Minnesota Sports Facilities Authority, finding that commissioners “violated a core ethical principle” when they gave free ti...

The Braves Are Trying To Squeeze Another $14 Million Out Of Taxpayers

Cobb County taxpayers have been on the hook for close to $400 million since the county commissioners approved the Braves’ expensive new stadium construction project without hearing from dissenters and without letting the constituents vote on the deal almost three years ago. Residents made their disp...

Jazz Owner Creates Legacy Trust In Effort To Secure Team's Future In Utah<em></em>

This afternoon, Utah Jazz owner Gail Miller announced that ownership of the team would be restructured and the team would henceforth be owned by a legacy trust. Miller and her husband Larry paid a total of $26 million for the franchise in 1985, and they’ve doubtless had several offers to cash out fo...

Charlotte CEO: A Publicly Funded MLS Stadium Can Heal Racial Division After Police Brutality

Charlotte’s latest plan to apply for an MLS team includes $87.5 million in public funding, along with a $75 million loan from the county....

Plan To Steal Money From St. Louis In Order To Build MLS Stadium Effectively Dead

We’re still a long, long way away from every local and state government having the backbone to refuse paying for major sports stadiums with public money, but today brings news of a step in the right direction....

Pissed Off Diamondbacks Sue Because They Want Another Stadium<em></em><em></em>

The protracted fight between the Arizona Diamondbacks and Maricopa County has reached a boiling point. The Diamondbacks announced tonight that they had filed a lawsuit in Arizona Superior Court against the Maricopa County Stadium District, the legislative body that operates their stadium, in an atte...

Missouri Governor-Elect Takes Bazooka To MLS Hopeful's Stadium Financing Plans

Missouri’s recently elected governor, Republican Eric Greitens, is a former Navy SEAL, a devoted humanitarian, and a man who ran a campaign ad that was just 20 seconds of him firing a Gatling gun. All of that means he doesn’t take any shit, not when justice is at stake. The vampires trying to suck o...

Jamoke Running For Mayor Of Omaha: Let's Build An NFL Stadium

Taylor Royal, a 26-year-old accountant who is running as a Republican in Omaha, Nebraska’s mayoral election, has a really stupid idea:...

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San Diego City Council Members Righteously Own Chargers President Dean Spanos

In November, San Diego residents voted against ballot Measure C, which would have provided the San Diego Chargers with $1.15 billion in taxpayer money for the purpose of building a new football stadium. It was the voters’ way of telling Chargers owner Dean Spanos to stop asking for handouts and to f...