Quote:
Originally Posted by NC_Skins
I'm sorry. Exactly where in that link does it show NJ makes money from the stadium? Have you got a breakdown between the costs of maintenance vs the income they receive?
If you are pointing to the concerts as the revenue, I have to remind you that it's the artists/performer who nets most of that money, not the venue.
I'm almost 100% sure that NJ lost money during the Super Bowl.
In Stadium Building Spree, U.S. Taxpayers Lose $4 Billion - Bloomberg
As per norm, Giantone doesn't know what he's talking about. Most cities lose out with new stadiums. The studies have been done.
I can post many articles and reports saying the same thing. It's all contradictory to what the NFL promises.
http://web.williams.edu/Economics/wp...nSuperbowl.pdf |
It's pretty hard to argue with his tight logic.
In our world if you have 500 dollars to spend and you spend it all on tailgating you aren't going to spend it at the local restaurant. In Giantone's world people don't have finite discretionary income and you don't have to make an either/or decisions.
In our world when the billionaire baseball owner threatens to leave town unless the public finance his new stadium the billionaire football owner is likely to ask for the same deal. In Giantone's world baseball and football have nothing to do with each other.
In our world the stadiums mostly generate seasonally low wage jobs and the tax payer never recoups the money they put in to building it. In Giantone's world everyone makes money and that's that.