The debates in Oklahoma City over the wisdom of coughing over arena money while other pressing issues exist is painfully familiar to longtime Seattle residents.
That’s just it, they’re not owned by the billionaires. Billionaires know what a pain in the ass owning commercial real estate is, so it’s a lot easier and cheaper to be a tenant.
Well, usually the facility is used for more than the NBA. Concerts and other Events stimulte the economy and help local businesses and provide jobs. Not saying those billionaire owners need a break, but unless the venue is used by only the NBA team there should be joint cost. Sports and entertainment salaries are just bananas. Until players and movie stars command less money along with greedy owners/entertainment companies, it will only get more ridiculous. Watching sports/concerts/live events is quickly becoming impossible financially for anyone but the extremely wealthy.
the new trae young sports complex in norman was built by tax payers money. like 70 percent tax dollars, 20 some group and 10 percent trae. and it’s called the trae young sports complex. and it’s semi private iirc(not sure about this but it never said it was a public facility.)
ti’s gross how much these rich folks get away with.
What kind of split should it be then just out of curiosity? I imagine an owner that’s worth just $1B can’t exactly pay 100% of +900M stadium unless most of that wealth is liquid
New stadium new businesses. Depending on location it could revitalize thar city. Brings in foot traffic to near by businesses during game day and other events at the stadium(i.e. Taylor swift concert, Monster truck events, WWE events)
I will never understand why public funds should pay for >50% of the funds for a privately owned sports clubs arena
Cause this is America and the country caters more towards the 1% than the 99%
The best is the economic impact studies assume the only 2 options are 1) Taxpayer funded renovation or 2) Relocate the team
Completely ignores 3) Privately funded renovation and 4) Maintain currently perfectly fine facility
That’s just it, they’re not owned by the billionaires. Billionaires know what a pain in the ass owning commercial real estate is, so it’s a lot easier and cheaper to be a tenant.
Well, usually the facility is used for more than the NBA. Concerts and other Events stimulte the economy and help local businesses and provide jobs. Not saying those billionaire owners need a break, but unless the venue is used by only the NBA team there should be joint cost. Sports and entertainment salaries are just bananas. Until players and movie stars command less money along with greedy owners/entertainment companies, it will only get more ridiculous. Watching sports/concerts/live events is quickly becoming impossible financially for anyone but the extremely wealthy.
socialism for the rich and capitalism for the poor, or essentially, capitalism
the new trae young sports complex in norman was built by tax payers money. like 70 percent tax dollars, 20 some group and 10 percent trae. and it’s called the trae young sports complex. and it’s semi private iirc(not sure about this but it never said it was a public facility.)
ti’s gross how much these rich folks get away with.
They say they want to know the fans will “show up” and support the team
What kind of split should it be then just out of curiosity? I imagine an owner that’s worth just $1B can’t exactly pay 100% of +900M stadium unless most of that wealth is liquid
Just ask the owner of the Edmonton oilers. If they can why not.
New stadium new businesses. Depending on location it could revitalize thar city. Brings in foot traffic to near by businesses during game day and other events at the stadium(i.e. Taylor swift concert, Monster truck events, WWE events)
You forget that politicians are in the pocket of billionaires.