Tag: Tax Revenues

Stadium

Rhode Island taxpayers are now paying off $130+ million in debt payments for their soccer stadium

When the new stadium was first announced in 2019, the state of Rhode Island would give $27 million to the developers for development of housing units around the stadium. The stadium developer claimed that the cost of the project would be just over $80 million. But after some time passed, the developers claimed that construction costs were too high and that the deal wouldn't work. The Governor cast a tiebreaker vote to allow the taxpayers'…

William Neilson Jr.
Stadium

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…

William Neilson Jr.
Stadium

Vancouver’s mayor plays the quiet game when asked about World Cup expenses

Last year, 16 cities, including Seattle and Vancouver, were selected to be hosts for the 2026 World Cup matches. Then FIFA told every city to just shut up if anyone asked about expenses. FIFA was tired of answering questions from cities. It is well-known that the hosting cities are expected to pay most of the costs. But when cities like Chicago, Vancouver and Minneapolis tried to get a basic level of certainty on some major unknowns,…

William Neilson Jr.