Your Tax Dollars At Play: How Stadium Tax Scams Pick Fans' Pockets [Forbes]
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Forbes
Jason Notte Contributor i SportsMoney I am a stadium finance and sports business writer An Oakland Raiders flag is shown during the team's 2017 NFL Draft event at the Welcome to Fabulous Las Vegas sign on April 29, 2017 in Las VegasThe Raiders are expected to begin play no later than 2020 in a planned 65,000-seat domed stadium to be built in Las Vegas at a cost of about USD 1.9 billion. (Photo by Sam Wasson/Getty Images) Tax dollars build sports stadiums far more often than they should, which is going to make this entire column possible. Stadium finance is so awash in public money that it is difficult to imagine how stadiums and arenas are built without tax dollars. Occasionally, a city and its taxpayers get a freebie: Anschutz Entertainment Group and MGM Grand covered the cost of T-Mobile Arena in Las Vegas. The New York Jets and Giants built their Met Life Stadium without tax dollars.
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