September 27, 2017

Field of Schemes: NFL stadium subsidies

Jack Kemp

Michelle Malkin has a great article today destroying the argument that the NFL is a "private business" that President Trump has no right to criticize.

After she pointed out that not one of these "free enterprise, free speech advocates" had a word of complaint for the Boston and Chicago mayors who blasted Chick-fil-A for their private religious beliefs, two politicians' criticism of a truly private business. She goes on to say:

https://townhall.com/columnists/michellemalkin/2017/09/27/nfl-pigskins-at-the-public-trough-n2386976?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=

Over the past decade, new tax-supported NFL stadiums rose up for the Indianapolis Colts (the $720 million Lucas Oil Stadium), the Dallas Cowboys (the $1.15 billion AT&T Stadium) the New York Jets and Giants (the $1.6 billion MetLife Stadium, the Minnesota Vikings (the $1.1 billion U.S. Bank Stadium), the Atlanta Falcons (the $1.5 billion Mercedes-Benz Stadium), and the San Francisco 49ers (the $1.3 billion Levi's Stadium in Santa Clara).

Next in the works: a whopping $2.6 billion stadium for the Los Angeles Chargers and Rams and a $1.9 billion stadium for the Oakland Raiders when they move to Las Vegas. Left behind? An $83 million taxpayer debt on two-decade-old renovations to the Alameda County Coliseum that the Raiders are abandoning.

Both political parties have supported massive redistribution of taxes from working people to the gridiron's spoiled 1-percenters. Public-private sports palace boosters employ the same bogus economic development math as the federal government's infamous Solyndra green energy loans, stimulus rip-offs and jobs programs. Citizens are promised an enormous multiplier of jobs and benefits in return for their "investments." But instead they've been saddled with a field of schemes.

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Posted by: Timothy Birdnow at 06:59 AM | No Comments | Add Comment
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