The NFL - Welfare Queens?

[JJT]

How can anyone defend the 1% stealing our countries tax dollars to add to their wannabe empires? IT IS YOUR MONEY THEY ARE STEALING!!!

 

Once the state takes it, it is no longer "your" money.

 

[Kevin Greene]

10 seconds on Google got me this:

 

http://news.illinois.edu/news/04/1117stadiums.html

 

If you're really curious, look for yourself. It's about as controversial of a statement as "cigarettes cause cancer" and as difficult to prove.

 

This article also brings up the fact that the stadiums typically take up large swaths of prime real estate while receiving de facto rent subsidies, all while depressing surrounding wages.

 

Wooooo hooooo, NFL!

 

 

So you sited a 2004 study in order to see the effects Major League baseball would have on the Washington DC economy.

OK.

 

 

The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey, its most comprehensive snapshot of America’s demographic, social and economic trends. During this period, median household incomes for the nation as a whole dropped 6.6% — from $55,030 to $51,371. The state of Mississippi, which had one of the biggest declines, dropped 15% to $37,095: Nearly one in three people there have an income that is near the poverty line.

The Washington, D.C. metro area — which includes the surrounding suburbs in Maryland, Virginia and West Virginia — has it even better, with a median household income of $88,233 that ranks highest among the U.S.’s 25 most populous metro areas. Tampa, Florida’s median income, by contrast, is under $45,000.

 

 

As DC has done extremely well apparently a Major Sports team is responsible for that..

Interesting.

[Delhommey]

So to close the loop on my original point, they were asking the state to contribute 62.5 million to aid with the cost of these renovations... so if the Panthers players and coaches are paying 7 million a year in state income taxes then that alone would reimburse the state for their investment in about 9 years.

That's not to mention the 62.5 million of their own money the Panthers were willing to invest in the project to match the request from the state.

So all in all, the Panthers were asking the city and state to make a combined 150 million dollar investment to improve a product that results in 600 + million dollars of revenue for the city/state on a yearly basis (according to the USC study).

If I had 150 million I would gladly make that investment on a 600 million dollar yearly return.

The deal also enabled JR to tether the team to the city by giving the city ownership in the actual stadium, since the escalators bays will be owned by the city.

Now, if you want to talk about greed, focus on the Cowboys getting nearly 100% of the funds used to build Jerry world from the taxpayers. The Cowboys are one of the, if not the highest revenue producing teams according to Forbes but they needed 100% taxpayer money to build that stadium?

Please hire someone to do your investing. Then hire someone else to watch that guy.

[CatMan72]

Please hire someone to do your investing. Then hire someone else to watch that guy.

 

Huh? 

 

You're suggesting that a 150 mil dollar investment on a 600 million dollar annual return is somehow a bad investment? 

 

Please explain... 

[csx]

IMO That doen't excuse the fact that a multi billion dollar league refuses to pay taxes that would dramatically improve the city.

I'm not trying to be a jerk, just trying to have some civil discourse.

Dont you think you are getting income tax confused with proprty and other local taxes? What income taxes do cities levy?

[ajax4132]

Lets take the religious and political bullshit out of here

 

Fact of the matter is that the NFL has a very long standing and comfy relationship with our nations leaders. The NFL should be taxed like you and I or any propriety organization but thats what corruptions gets you.

 

Really all that needs to be said 

[CatMan72]

It's also important to keep in mind that the 87.5 million the city gave the Panthers is derived for a 3% hotel tax that could only be used for the Charlotte convention center... so by law that money could NOT have been used on roads, sidewalks, schools, etc... it could only be used for the convention center or the Panthers stadium improvements by virtue of a special bill passed in the state legislature.