capitalism

Out of context: Reply #1288

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  • utopian1

    Billionaire owners have built dozens of new stadiums and arenas, often with hundreds of millions of dollars in taxpayer funding. State and local governments spent $33 billion in public funds to build stadiums in North America between 1970 and 2020, with the median public contribution covering 73% of costs, a study published last year found. As part of teams’ agreements with cities and states, they have been handed the rights to transform the land around these ballparks into offices, apartment buildings, hotels and shopping malls.

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    • It's just like giving corps tax breaks to move their factories/offices into town - if they don't, they'll go elsewhere. Sucks.formed
    • Here in Denver the Rockies stadium definitely took downtown from a wasteland to a lovely downtown.formed
    • Now w homelessness/migrant... (largest in the country), downtown is on the verge of collapse again. It's sad anyway you look at it.formed
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