Taxpayers Get Ticked Off at Kick Off
Another NFL season kicks off tonight with the Denver Broncos hosting the Carolina Panthers. This past off-season was another turbulent one as players were arrested and San Francisco quarterback Colin Kaepernick provided his own dose of drama. This was also a turbulent off-season for taxpayers as billionaire NFL owners once again asked taxpayers to foot the bill for lavish stadiums. The January14, 2016 announcement that the St. Louis Rams would be moving to Los Angeles was unwelcomed news by Los Angeles and St. Louis residents because what was left out of that announcement was that taxpayers would fund more than $100 million for the new Los Angeles stadium and taxpayers in St. Louis still be on the hook paying $12 million until 2022 on the Edward Jones Dome in St. Louis. And, just 270 miles away in Las Vegas, casino mogul (and crony capitalist) Sheldon Adelson is asking taxpayers for $750 million to build a stadium to lure the Oakland Raiders to Las Vegas. A report last year by the Taxpayers Protection Alliance shows that these stadiums don’t provide the economic benefit promised. The report, “Sacking Taxpayers: How NFL Stadium Subsidies Waste Money and Fall Short on Their Promises of Economic Development” detailed the public financing deals for NFL stadiums across the country. The report examined the economic impact of taxpayer-financed NFL stadiums on the people who pay the taxes that fund the construction of those very stadiums.