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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Buffalo Bills exec promises that, unlike last stadium, developers will flock to the new one
Last year, New York lawmakers gave the Buffalo Bills $850 million dollars in taxpayer money to help the NFL team build a new stadium. The New York Legislature managed to craft one of the worst stadium deals in recent memory. The $850 million dollar figure does NOT include a significant number of subsidies such as maintenance costs and property tax exemptions. Therefore, the bill will likely be at minimum $1 billion. Then again, since the deal was agreed upon last year, the price of it has…
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