stadium-financing Page 7 - Sports News, Headlines & Highlights
Las Vegas Is The Next City The Raiders Will Use For Leverage To Try And Get A New Stadium
For two decades Los Angeles has served as the NFL’s bogeyman, lurking just out of sight as an implicit threat to any city that refused to pay up for a new or renovated stadium. You better flash the cash, the NFL would threaten, or the Bills/Dolphins/Jaguars/Vikings/Colts are going to bolt for glamor...
Claire McCaskill Might Actually Do Something About The Publicly-Financed Stadium Scam
Missouri senator Claire McCaskill says that she is drafting legislation that would require professional sports franchises that skip town prematurely to refund the public. St. Louis now has no NFL team, but incredibly, the city, county, and state still owe a combined $152 million to pay off the Edwar...
Gary Bettman Gets Huffy While Defending The Stadium Financing Scam
The Calgary Flames, like so many sports franchises, want Canadian taxpayers to foot the bill for a new stadium complex that would cost about $890 million to build. This morning, NHL commissioner Gary Bettman went on Calgary Eyeopener to discuss the Flames’ proposal, and he didn’t enjoy getting pushe...
No One Wants Publicly-Financed Stadiums—Except The People Who Count
The Milwaukee Bucks have—obvious exception aside—been a depressing team to watch this season. The defense that made them one of the surprise teams of 2014-15 has completely disappeared. The gamble on Michael Carter-Williams as the point guard of the future has been a disaster, as Carter-Williams has...
St. Louis Alderwoman Alleges Corruption In Rams Stadium Financing Vote
Even though St. Louis Rams owner Stan Kroenke wants nothing to do with the city and is trying his damnedest to move his team to Los Angeles, St. Louis is going all out to build the team a beautiful new taxpayer funded stadium. And those that would benefit from the Rams remaining in St. Louis are goi...
NFL Executive: It's Unfair To Ask Billionaire Owners To Finance Their Own Stadiums
NFL executive vice president Eric Grubman was a recent guest on on the Bernie Miklasz Show, and he was there to talk about Rams owner Stan Kroenke’s ongoing efforts to move the team to Los Angeles. Grubman talked about the situation for about 40 minutes, and oh man did he say some infuriating stuff....
Proposed Rams Stadium Would Cost Taxpayers A Hell Of A Lot More Than Promised
It’s a truly bizarre situation in St. Louis, with Rams owner Stan Kroenke desperate to leave for Los Angeles, and (some) local politicians desperate to build him a stadium to get him to stay. Problem is, according to documents FOIA’d by St. Louis Magazine, taxpayers would be on the hook for a lot mo...
The NFL Wants Players To Help Pay For New Los Angeles Stadium
The NFL is coming to Los Angeles soon, no matter what Oaklanders, St. Louisans, San Diegans, or local labor groups have to say about it. The sheer amount of money behind the proposed moves of one or all of the Rams, Chargers, or Raiders, coupled with the NFL’s desire to break into the country’s #2 m...
I Don't See Any Way The Raiders Stay In Oakland
The NFL’s Los Angeles tarantella has felt interminable, but it has finally reached a critical stage. With three teams seeking to move, and the league hell-bent on relocating one or two of them, everything comes down to the battle between St. Louis, San Diego, and Oakland to tender their respective t...
San Diego Offers $350 Million In Public Money For A New Chargers Stadium, NFL Wants More
You don’t even have to be particularly cynical to believe the NFL doesn’t actually want a team in Los Angeles—it just loves having the helpful L.A. bogeyman around to blackmail cities into throwing taxpayers’ millions at owners to get them to stay. St. Louis has done its part, waving $400 million in...
Judge Rules Rams Can Build Publicly Financed Stadium Without A Vote
Thanks to a judge’s ruling, the St. Louis Rams are one step closer to fleecing the residents of St. Louis for hundreds of millions of dollars....
Bucks Co-Owner Now Works For Governor Who Pushed Through Arena Deal
Last week, the Wisconsin Senate approved $250 million—and at least $174 million more in interest—in public funds to build the Milwaukee Bucks a new arena. The plan was championed at every step of the way by Gov. Scott Walker, who has designs on the White House. His war chest will be administered by ...
Wisconsin Senate Votes To Give $250 Million To Billionaires
The Wisconsin Senate voted 21-10 to approve $250 million in public financing for a new arena for the Milwaukee Bucks. The bill will now be sent to the state Assembly for approval. Though the Assembly is likely to pass it, there is still some backroom negotiating and deals to be completed beforehand....
John Oliver Explains The Biggest Scam In Sports
If you frequent this website, you know the public financing of stadium construction is our bête noire—a massive, ongoing, inexplicable scandal that’s more likely than not to be taking money out of your and your community’s pockets as we speak. John Oliver’s takedown of stadium financing on Last Week...
The Milwaukee Bucks Are Already Threatening To Move
When Herb Kohl sold the Bucks last year, it was trumpeted everywhere that one of the immutable conditions of the sale was that the new owners keep the franchise in Milwaukee. Yesterday, in a hearing with state and local lawmakers, the team president demanded $250 million plus interest in taxpayer mo...
Report: St. Louis Stadium Authority Sues To Dodge Public Vote
The quest to make St. Louis the site of America’s next great stadium boondoggle continues unabated. The St. Louis Post-Dispatch reports that the public entity that controls the Rams’ current home, the Edward Jones Dome, has sued the city of St. Louis to prevent a public vote on whether taxpayer mon...
Report: St. Louis County Dropped From Plan To Finance New Rams Stadium
The effort to build a new riverfront stadium to keep the Rams in St. Louis suffered a blow last week. According to the St. Louis Post-Dispatch, Missouri Governor Jay Nixon informed St. Louis County Executive Steve Stenger's office that the county's participation in the proposed $985 million stad...