stadium-financing Page 6 - Sports News, Headlines & Highlights
Raiders Apply For "Las Vegas Raiders" Trademark, Release Stadium Renderings
None of this means a Raiders’ move is any closer to reality—we already know Mark Davis wants a new stadium or to get the hell out of Oakland, and the mean ol’ NFL won’t let him go to Los Angeles, and he doesn’t have to money to build a new place on his own—but these are two moves that, if the Las Ve...
Why Don't They Just Make The Whole Airplane Out Of Olympic Venues?
By now everybody knows the modern Olympic Games system—whereby competing cities bid for the right to piss the GDP of Iceland into shabbily constructed venues that will host esoteric sports competitions for three weeks and then persist as rotting, uninhabited, politically radioactive civic boondoggle...
Diamondbacks Try To Squeeze More Money From Taxpayers; County Supervisor Tells Team To Screw Themselves<em></em>
The Diamondbacks have been playing in their current ballpark since 1998. Their stadium cost $364 million to build, and Maricopa County picked up $238 million of the tab. Eighteen years later, it is need of some repairs, and the fight over who is going to pay for them has gotten ugly....
The Battle Over The Rangers' Ballpark Scam Has Officially Begun
It is not unreasonable, I don’t believe, to portray the pending fight over a new $1 billion stadium for the Texas Rangers as a proxy war—or at least a referendum—over the public financing of stadiums in America. Here is every variable that should make sports fans recoil in horror at the now-accepted...
Poll: Las Vegas Residents Don't Want Public Funds Used For An NFL Stadium
Las Vegas ABC station KTNV polled Clark County residents about whether or not they would want to pay $500 million in order to help build the Raiders an NFL stadium. Of the 750 people polled, 55 percent said they opposed spending half a billion dollars on a new stadium, while only 35 percent were in ...
Politician Who Cooked Up Horrid Braves Stadium Deal Gets Voted Out Of Office
As chairman of Cobb County, Tim Lee helped oversee the deal that put Cobb County taxpayers on the hook for almost half a billion dollars to finance the Braves’ new stadium. Not only has the new traffic nightmare of a ball park depleted the county’s public parks fund and ushered in a new wave of sini...
The Braves Are Going To Ridiculous Lengths To Squeeze Every Dime Out Of Cobb County
The Braves’ new stadium out in the suburbs of Cobb County—whose taxpayers are giving the team $400 million to build the traffic-clogging ballpark—is a textbook case in all the lies and exploitation at the heart of the modern public stadium financing scheme. Residents never got to vote on the use of ...
Quebec Taxpayers Spent Hundreds Of Millions On An NHL-Ready Arena And Didn't Get An NHL Team
The Videotron Centre was built with one goal in mind: to play host to the reborn Nordiques, because NHL expansion wasn’t going to consider Quebec City without a modern arena in place. Well, the arena exists, and Quebec City still isn’t getting an NHL team. Money well spent?...
Proposed Las Vegas Raiders Stadium Would Cost Taxpayers A Record $750 Million
Oakland lawmakers have stood firm, refusing to pay a dime in public money toward a new stadium for the Raiders. Because this is how things work now, rather than obtain private financing, or sell the team, or continue to play in the Coliseum, owner Mark Davis is waiting to be wooed by relocation opti...
"Unprecedented" Clause In Rangers Ballpark Deal Will Sneakily Cost Taxpayers A Few More Hundred Million Dollars
The Texas Rangers are getting a new stadium, because duh, who wants to play in an obsolete 22-year-old ballpark? The official announcement said the costs of the billion-dollar stadium will be split right down the middle. “The deal is 50-50,” Arlington Mayor Jeff Williams claimed. “The city would put...
Richard Sherman Is Fed Up With Publicly Funded Stadiums
Seahawks cornerback and all-around good-opinion-haver Richard Sherman was talking politics on the radio yesterday, in a mostly jokey interview where he said that if he were elected President, he’d tap Doug Baldwin as his Secretary of Defense because “he’s an angry guy.” But this part wasn’t jokey:...
Cobb County Needs To Raise Taxes To Pay For Public Parks Because All The Park Money Already Went To The Braves' New Stadium
SunTrust Park, the Braves’ fancy new suburban stadium, came at a cost of nearly $400 million to Cobb County taxpayers. It doesn’t open until next year, but that bill is already coming due—and the opportunity cost is no longer theoretical....
The Giants Are Asking San Francisco For Millions In Tax Breaks
The San Francisco Giants have long peddled a charming fiction about their ballpark, billing it as the “the first privately financed ballpark in Major League Baseball since 1962.” That would be a fact worth commending if it were at all true, but according to a study conducted by urban planner Judith ...
Report: Rangers Want New Modern Ballpark To Replace Current Modern Ballpark
Just what the fresh hell is this?...
Taxpayers Cover $34 Million Arena Renovation, Hockey Team Leaves Two Years Later
What is the absolute worst, most jarring way to learn your team is leaving town? Nope, not that. Nope, that’s pretty bad, but this is worse:...
These Drawings Of A New Chargers Stadium Are Pretty But Who Gives A Shit
Here are the renderings for an entirely theoretical retractable-roof downtown Chargers stadium, should the Chargers actually stay in San Diego. The NFL gave the city one more year to pay up—to cover $1.15 billion of the total cost of the $1.8 billion stadium/convention center project—or the Chargers...
Dean Spanos Isn't Done Crapping On Chargers Fans Just Yet
San Diego Chargers owner Dean Spanos has already decided to torture his fan base by keeping his team in San Diego for one more season before deciding, next January, if he will move it to L.A. for the 2017 season. Based on Spanos’s recent comments, he’s going to ramp up the torment by dangling the po...
Detroit Contractor Who Negotiated $285 Million In Public Money For The Red Wings Now Works With Red Wings Owner
Stadium financing is a scam no matter where it happens, but it’s particularly appalling when a bankrupt city like Detroit is conned into gifting $285 million to Red Wings owner Mike Ilitch so that he can build a new hockey arena. It gets worse: One of the men who negotiated with Ilitch on behalf of ...
Columbus Business Group Wants $5 Million From Taxpayers To Move Browns' Training Camp
Brent Larkin at Cleveland.com got his hands on a copy of a list of proposed development projects that was submitted to the Ohio state government by group of Columbus business leaders. One proposed project on the list asks for $5 million in public funds to build the Cleveland Browns a new practice fa...