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About: Stadium subsidy     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:TransferredProperty113252973, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatSocialProgramsyago:WikicatSubsidiesyago:Abstraction100002137yago:Acquisition113253255yago:Aid113265904yago:Cognition100023271yago:Content105809192yago:Gift113265011yago:Grant113266892yago:Idea105833840yago:Plan105898568yago:Possession100032613yago:PsychologicalFeature100023100yago:Relation100031921yago:Subsidy113267014yago:TransferredProperty113252973 New Facet based on Instances of this Class

A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue. Stadium subsidies can come in the form of tax-free municipal bonds, cash payments, long-term tax exemptions, infrastructure improvements, and operating cost subsidies. Funding for stadium subsidies can come from all levels of government and remains controversial among legislators and citizens. When surveyed, 86% of economists favored eliminating public subsidies for professional sports franchises. Stadium subsidies are widely criticized for using taxpayer funds to benefit franchise owners, who are often billionaires, to the detriment of public schools and infrastructure.