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How American Taxpayers Pay Billions To Fund NFL Stadiums

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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

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How American Taxpayers Pay Billions To Fund NFL Stadiums

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