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Thread: Meet Three Billionaires Asking Taxpayers to buy them new Stadiums.

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    Peace Love n Pretty Tings LB is offline
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    Meet Three Billionaires Asking Taxpayers to buy them new Stadiums.

    So poor people shouldn't expect welfare cause it makes them lazy but a billionaire has no trouble asking for corporate welfare from the city or State to fund Stadiums?

    Same battle happened this year in our city. Resident billionaire wanted the city to pony up most of the costs to build a new hockey arena and the citizens were up in arms.....even though we need a new arena. An agreement was made but more of the cost came from his pocket and not the city coffers.
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    Forbes released its list of the richest 400 Americans Monday, and the 2013 edition features 32 professional sports owners. The richest, as ESPNís Darren Rovell noted, is Portland Trail Blazers and Seattle Seahawks owner Paul Allen, whose $15.8 billion net worth makes him the 26th-richest American.
    The NFL has 14 owners on the list, more than any other league. And three of the names should be notable, because they are asking taxpayers in their city to help foot the bill for new stadiums or massive renovation projects.
    Stan Kroenke, the owner of the St. Louis Rams, is worth $5.3 billion and is the NFLís second-wealthiest owner, according to Forbes. Kroenke and the Rams have repeatedly asked the city of St. Louis for more than $700 million in public funds to renovate the Edward Jones Dome, but the city rejected the latest plan in July. ďThere was nobody in St. Louis who thought that the Rams proposal was a good idea, other than the Rams,Ē the chief of staff to St. Louis mayor Francis Slay said at the time. But that doesnít mean Kroenke is done trying: instead of renovations, the team, St. Louis, and the state of Missouri are now talking about building an entirely new stadium, surely with the help of public funds, instead of renovating the Dome.
    Stephen Ross, a real estate developer who owns the Miami Dolphins, is the third-wealthiest owner in the NFL with a net worth of $4.8 billion, according to Forbes. The Dolphins are worth $1.06 billion, making them the 25th most valuable sports franchise in the world. Ross, a real estate developer, asked taxpayers for $380 million in public funds to renovate Sun Life Stadium so that it could host future Super Bowls. The Florida state legislature ended its last session without voting on the project, though, so Ross and the Dolphins began issuing threats to leave south Florida, like all jilted owners do. Ross then started a political action committee, apparently with the intent of targeting state representatives who werenít on board with his plan. To make a point, Ross and the Dolphins submitted a ridiculous bid to host the 2015 Super Bowl that proposed playing the game not in Sun Life Stadium but on board an aircraft carrier parked in Miamiís harbor. The city of Miami, by the way, is facing decades of debt brought on by the boondoggle stadium deal it gave Major League Baseballís Miami Marlins. Neither that nor Rossí wealth will prevent him from coming back to taxpayers in the future.
    Arthur Blank, the $1.7-billion owner of the Atlanta Falcons, is the 10th-wealthiest owner in the NFL. The Atlanta city council approved $200 million in public funds to help build a new stadium for the Falcons, even though their current home, the Georgia Dome, is only 21 years old. The Dome is no slouch: itís still the annual home of a major bowl game and marquee college football games, it regularly hosts the Southeastern Conference basketball tournament, and it hosted the menís basketball Final Four in 2013. What it doesnít have are luxury suites that will boost the Falconsí value ó and Blankís net worth ó into the ranks of other NFL teams and owners. The Falcons deal has run into problems with location, but it will end up going forward, with a major assist from Atlanta taxpayers.
    Those three arenít alone. Most NFL owners have benefited from public financing of stadiums, since all but one of the stadiums was built with an assist from taxpayers (MetLife Stadium, the shared home of the New York Giants and New York Jets). And most of the owners from other sports have benefited from public financing too. All in all, American taxpayers have handed over billions of dollars to finance stadiums, which have cost $10 billion more than originally forecast. And those facilities rarely if ever come with the economic benefits their proponents say theyíll bring.
    ~ If you make the mountain any bigger you wont be able to move it later

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    Southern Belle mz_JazE's Avatar mz_JazE is offline
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    first that Harvard thread and now this one...let me go make me a cup of tea right now.

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    Peace Love n Pretty Tings LB is offline
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    Are you implying that I am making you read today
    ~ If you make the mountain any bigger you wont be able to move it later

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    Southern Belle mz_JazE's Avatar mz_JazE is offline
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    naw you're trying to raise my pressure...For some reason I keep thinking about Daniel Snyder, and I think he did the same thing. Even though dude is flipping rich. Tried to even get more money out of the season ticket holders, which I think even went to court.

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    Quote Originally Posted by mz_JazE View Post
    naw you're trying to raise my pressure...For some reason I keep thinking about Daniel Snyder, and I think he did the same thing. Even though dude is flipping rich. Tried to even get more money out of the season ticket holders, which I think even went to court.
    Ahhh okay lol
    ~ If you make the mountain any bigger you wont be able to move it later

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    where de crix Oneshot's Avatar Oneshot is offline
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    to be fair it has happened in the past, so they know they can do it. get a couple guys to protest about losing their jobs if the stadium moves, get a couple local businesses to complain (even though their taxes will go up), play on the emotions of the sports crazed fans.

    elected officials are afraid of the mob.

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