Lockout Discussion Thread 3.0
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11-23-2012, 04:52 PM
Join Date: Jan 2005
Originally Posted by
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.
-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)
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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