this post was submitted on 09 Feb 2025
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I don't begrudge professional athletes their income, as it's proportional to the amount of revenue their sport brings in. I do take issue with how much money the big three sports make, and how much less athletes who work just as hard or harder get paid.
I take issue with the public funds granted to team owners- who are insanely wealthy already.
Pay for your own fucking stadiums, if it's so goddamn important.
Yes, but i also get it. If you want to build a stadium very near the city, thats going to cost more than if you build out in the middle of no where. The city, and surrounding businesses want the stadium close to them becuase it drives business at the local shops/hotels/restaurants, which then also drives increased tax revenue.
The way the city incentivizes the owners to build near them is with tax incentives, which ultimately gets passed on to the local community. But the community does also benefit from those other things i mentioned above, but how much isnt as tangible as "my property tax went up x% to pay for their stadium"
I think it has been found time and again that the math doesn't work out. Like other businesses, they get cities to bid each other under the table to the point that the increase in tax revenue doesn't even come close to the cost. See Amazon and the Olympics for large-scale examples.