How American Taxpayers Pay Billions To Fund NFL Stadiums
In 2022, the Tennessee Titans of the NFL unveiled their plans for a brand new stadium within the coronary heart of Nashville. On the price ticket of $2.1 billion, the 1.7-million-square-foot stadium can home 60,000 screaming soccer followers.. The one caveat? Taxpayers will fund greater than half of the stadium’s value.: $500 million from the state and $760 million via income bonds issued by Nashville’s Metropolitan Sports activities Authority. Since 2000, public funds diverted to serving to construct skilled sports activities stadiums and arenas have value taxpayers $4.3 billion. Whereas the NFL and staff house owners contend that constructing stadiums will present financial development for a metropolis, economists and concrete planners declare in any other case.
Chapters:
00:00 Intro
1:45 The loophole
4:24 Stadium-mania
5:31 Nationwide and native income
8:16 Spillover good points
12:20 Reform
Producer: Darren Geeter
Senior Managing Producer: Tala Hadavi
Animation: Christina Locopo
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Road’ to ‘Major Road’ to award profitable unique documentaries and Actuality TV sequence, CNBC has you coated. Expertise particular sneak peeks of your favourite exhibits, unique video and extra.
Join with CNBC Information On-line
Get the newest information: https://www.cnbc.com/
Comply with CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Comply with CNBC Information on Fb: https://cnb.cx/LikeCNBC
Comply with CNBC Information on Twitter: https://cnb.cx/FollowCNBC
Comply with CNBC Information on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
How American Taxpayers Pay Billions To Fund NFL Stadiums
source
