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Joined 1 year ago
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Cake day: June 15th, 2023

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  • That’s my assumption as well. New and renovated stadiums/arenas/etc. Are almost always funded by local taxes, despite the teams/promoters/etc. Who reap all the benefits being rich enough to build their own facilities. They hold communities for ransom and promise trickle-down economic benefits that never materialize.

    Lincoln specifically botched this with the new arena a few years back. They raised the property value around it so much that businesses couldn’t afford the rent. At least while I was there, the area was usually half-empty buildings. And the extra sales tax to pay for it hadn’t gone away several years after it supposedly would.