Economy
The Never-Ending Stadium Boondoggle
You and I continue to foot a large part of the bill for America’s billionaire sports owners.
As the 2015 NFL season kicks off and all the excitement that comes along with it, let us not forget that U.S. taxpayers are bearing a large part of the cost. In the past 15 years alone, over $12 billion of the public’s money has gone to privately owned stadiums—constituting essentially a massive transfer of wealth from everyday Americans to the super-rich owners and players involved in these billion-dollar sports franchises.
The Dallas Cowboys ushered in the era of the billion-dollar stadium when their current facility opened in 2009. Taxpayers assumed the cost for over a quarter ($325 million) of its $1.2 billion dollar price tag.