I'm due for a presentation regarding stadiums. Who pays for them? is it investors or us in our taxes.. How does this work?
2007-10-18 08:55:34 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Thanks for some of the answers, but I need more detail. An ideal answer would involve the process from the time it's being planned to the execution. I'm super dumb when it comes to taxes and so forth.I also need to know the pros and cons of having a stadium build. Please... Thanks!
2007-10-18 09:26:15 · update #1
generally a stadium is owned operated and paid for by the tax payers
2007-10-18 09:04:28 · answer #1 · answered by Jan Luv 7 · 0⤊ 0⤋
In Baltimore, a billion dollars in bonds were floated to build 2 stadiums. The revenue from lottery sales, certain stadium revenues and some taxpayer dollars pays the Interest on the bonds.
In DC, taxpayers are responsible for most of the bond Interest on the $800 Million baseball stadium project ($611 Million is capped from taxpayers).
2007-10-18 09:57:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It could go either way. Some are paid for by investors and some are paid for by taxpayers. I have a problem with taxpayer funds going to private enterprise!
2007-10-18 09:10:56 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Taxpayers, they can vote on it though.
2007-10-18 09:21:31 · answer #4 · answered by Supai 4 · 1⤊ 0⤋