The Arizona Diamondbacks just got $500M of taxpayer money yet now want even more
Recently, Arizona Diamondbacks officials have issued several public statements that seem to suggest that the team will demand more taxpayer money. Since the lease agreement between the team and county expires after the 2028 season, the Diamondbacks are apparently using this as a reason for more taxpayer money to be given to them. This week, the team opened up to being shocked at how much it costs to repair and upgrade equipment at their ballpark. The team admitted that the cost of recent…
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After being told that a Final Four would bring trillions to the area, the city of Glendale accepts that they made almost nothing off it
Last year, Glendale, Arizona was told that it could make $270 million dollars in economic impact from hosting a Final Four event in 2024. This year, some groups mentioned the possibility of the state making an impact between $250-$300 million from the Final Four. Others believed it was possibly for the state to bring in over $400 million dollars. The 2017 Final Four in Arizona brought the state $324.5 million dollars of economic benefits. Where did that money go?
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The Super Bowl continues to suck cities in with false promises of economic glory
Why are cities not making more money off this big event? Because they are paying millions upon millions in expenses mandated by the NFL. In 2016, local taxpayers in San Francisco paid the bill for hosting the Super Bowl and its many off-field festivities. The NFL, a multi-billion dollar company, pays nothing, let me repeat that, nothing during Super Bowl weeks because of a deal between the city and the NFL Host Committee. If you were wondering, local taxpayers did pay for the construction of…
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