Actually you are wrong. It has actually shown that a stadium doesnt bring in much business to the city nor develops the city that much. That my friend is lobbying and propaganda. Sometimes it makes it worse since the city might have to cut other corners, plus non of those jobs are full time steady jobs. And actually local businesses around stadiums quite often suffer cause of it. That is because for one teams, even with prefectly good stadiums demand better nad by far much more exuberant stadiums (unnecessary bling that coasts huge money) on the tax payers dimes (or they will move away to another town), get it for free AND run it like it was their own, meaning anything that is sold, rented or brings in any kind of money (stadium naming rights) goes to the team. At same time water, electric and heating, along with maintenance and other expenses are covered by the city. Usually the contract between the city and the team is so bad and in favor of the team its ludicrous. Oh and they dont pay taxes ofc
. While being successful businesses. Oh and haveing billioner owners who in the end only get richer. There is a really nice investigative piece done about it by John Oliver.
https://www.youtube.com/watch?v=xcwJt4bcnXs
So you can call it what you want but it definitively isnt "run it and fund it yourself business". It ends up pretty much being the same deal as in Europe teams getting money from city or government, just more transparent. Only its more like we (rich guys) ll take the cream n you tax payers get the bill. Only real exception to the rules are the NY Yankees who built their stadium with their own money (on city land but still) and run it them selves. And as u noticed its not only NFL.
I watched the Oliver piece when it came out. Newsflash, John Oliver is left wing political comedy/satire figure. He is known for quoting extremely selective studies and using data that hasn't been peer reviewed. You can go to the comments sections of most of his videos and you will find increasingly people are not taking a paid comedian's word as the ultimate standard of truth...sounds like common sense...
Second, I am not sure if you're able to read...I already mentioned complete Tax breaks. You know who else gets complete tax breaks? Many large corporations in the real world and any businesses who follow the (previously referenced) standards and qualifications to be listed as "non-profit." The government must do this to stay competitive with foreign countries, as the US has the highest corporate tax rate in the world. For example, Google relocated HQ and taxation status to Ireland because their corporate tax rate is 6% and ours is anywhere from 25-30%. That's why, as I mentioned above, cities offer businesses tax breaks, often complete tax breaks like the example I mentioned above in the semiconductor industry. Please read what you're replying before you reply.
I specified that I thought it was improper for the government to fund club operations. This includes player salaries, coaching salaries, staff salaries, cheerleader salaries, marketing fees, etc. You never addressed this, you keep talking about facility costs and creation. This is not government funding, unless you are one of those of the mind that those rich people in tech, entertainment, and oil are stealing our money by making the government fund them, and what you mean by that is them paying as many taxes as more than half of the American population...
The reason clubs have the ability to negotiate for new stadiums is because there is...gasp...competition! Similar to countries outsourcing due to lower production costs in other countries, building shops because of lower or non-existent costs in other countries, NFL teams are businesses and many cities believe it or not are competing (yes, competing) for them. If I created Joe Schmoe's donuts and threatened your municipality, build me a new donut shop or I'm taking my business to (other place in America), do you think they would flinch? As unattractive as it sounds to you, the ignorant citizen with nothing but a random John Oliver quoted study to say that NFL teams do not bring business to cities, these cities are
fighting to have an NFL team in the region. These cities have business analysts, these cities have statistics and information, and they're
fighting to build massive stadiums for NFL teams. That, buddy, is competition, and that is capitalism.
Furthermore, the city provides electricity and utilities to the teams, amazingly...just like any landlord provides any tenant (gasps). In case you didn't know, these teams pay rent to use the stadiums. You can whine about the rent, but you cannot say that the rent is not agreed upon. This is a normal landlord-tenant relationship similar to if any business rented land from the city or from any landlord with capital.
Please, I know a write a lot, but if you're going to reply, please take time to read it all. I really don't like reiterating a lot of my points just because someone wasn't reading carefully (if at all past the first sentence).