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11-23-2012, 04:52 PM
  #46
FrankMTL
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Quote:
Originally Posted by HCH View Post
In many cases the taxpayers are the ones who build the facilities and the related infrastructure for sports venues. Many of these taxpayers have no interest in sports yet their dollars are spent for the enjoyment of a relatively small group.

Two groups benefit from this arrangement... the players and the owners. In many cases, if the owners actually had to build their own facilities there would be a lot less available to the players. A good portion of the revenue currently collected would go towards paying mortgages.

A good reference book is "Field of Schemes"
There's still probably about 50 percent (or more) of NHL arenas that are mostly privately funded.

-Rexall Place
-Rogers Arena
-MTS Centre
-ACC
-Bell Centre
-Scotiabank Place
-MSG
-TD Garden
-Wells Fargo Center (mostly private)
-Prudential Center (mostly settlemant money from city of Newark in a lease dispute)
-Consol Energy Center (mostly private)
-Tampa Bay Times Forum (split private and government, so public)
-Verizon Center


This is just from the eastern conference. Yes there are arenas that a built on public funds, but its still takes owners with deep pockets to build a lot of these arenas, and on top of that own these teams and run the day to day operations. Lots of risks involved.

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