Why Are Sports Facilities Worth The Money?

Are sports facilities worth the money? All sports facilities cost a ton of money, but all this money could be used in a different way. It could be used for things to help the city. These facilities are only helping the sports teams for the most part, but the fans love when these stadiums are built because it makes it creates a fun place to watch the games and lets them interact with people. Just how much money are these cities spending and is the money going to waste or not?

For one example, in 2009 the New York Mets had their home diamond Citi Field open. This stadium cost 850 million dollars. This stadium would have been hard to pay for if it had not been for the 616 million dollars paid by public subsidies which included the state of

It would have cost one tax payer four billion dollars during that time. In Inglewood they were looking to invest into a new stadium. This stadium would gain anywhere from 18.7 million to 28 million dollars of annual revenue over a period of nearly 16 years. Is it worth all of the money for this one sports facility? The stadiums would likely give thousands of people good jobs during the construction. In addition it would employ many during games and events taking place after it was built.

In 1997 experts said that over seven billion dollars would be spent on new sports facilities by 2006 and that most of the money would come from public sources like tax payers. A 225 million dollar stadium is a lot of money and about 70 million of that is paid for by tax payers. That also means about two million a year over a lifetime span of 30 years is contributed by the tax payers. Imagine where all of that money could go to other than to buy sports facilities that only get used so many times and then just thrown aside once no longer needed or torn

The worst part is that over 50 percent were taxpayer funded costing them 5 billion dollars. Just over half of the money was spent directly at 57 percent. That is a lot of money being spent by tax payers, but are all of these stadiums funded by the tax payers or is it just a few?

The Cincinnati Reds opened a stadium in 2003 that cost more than 280 million. All of this money was funded by the public. In 2004 the Philadelphia Phillies bought a stadium for 345 million dollars costing the public 50 percent at 174 million. If that money was not funded by the tax payers than it could have been used differently, or was it a positive contribution by tax payers resulting in jobs and industry for the city? In a different scenario the New England Patriots built a stadium in 2002 without using any public taxpayer money. It was funded privately b team owners and others without the use of public