Quote:
Originally Posted by eco74
"At $750 million, it’s the largest direct public subsidy for a stadium ever granted"
One of the things the article doesn't mention is that it's a football stadium.
So let's say 30 years, 10 home games per year (because they go 14-2 every year over the next 30 years and play two playoff games at home), 2.5 million per game. At the first game look around at each of yhe 50,000 people and realize the city paid an additional $50 per person per game in addition to whatever the team itself charges. At the season closer in 2030, look around at the empty seats and realize that the city is still paying $50 per person per seat. In 2040, when the Raiders are bitching about how old their stadium is and threatening to move to the underwater city of New Los Angeles, remember that you're still paying $50 per person per game. In 2050, when you come back to Las Vegas from Mars Colony to bring your grandkids to their first 1-G NFL game, you can celebrate that the massive subsidies you cheered for are coming to an end.