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October 12, 2008 10:55:26 AM CDT

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Stories related to: stadium financing

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3 Stories

  • July 2008

    • County Wants Stadium Payback if Steelers Are Sold

      Pittsburgh Tribune Review  |  Jul 16, 08 12:29 PM CDT

      County Wants Stadium Payback if Steelers Are Sold

      (Newser) - If the Pittsburgh Steelers are sold, someone will have to pay for the $281 million in taxpayer money used to build Heinz Field, Allegheny County’s controller told the owners in a letter today. He said even engaging in sales talk may violate the 2000 lease, and demanded the team remain in Pittsburgh, the Pittsburgh Tribune-Review reports. More »

      Tags

      NFL  • football  • Pittsburgh Steelers  • stadium  • Heinz Field  • stadium financing

  • May 2008

    • For Sale: Stadium Seating, Lightly Used

      Guardian (UK)  |  May 27, 08 10:45 AM CDT

      For Sale: Stadium Seating, Lightly Used

      (Newser) - If Chicago wins its bid to host the 2016 Olympic Games, it might follow more closely in London 2012's footsteps than expected. The cities have begun discussing the possible sale of large parts of London's new stadium to Chicago, the Guardian reports. The deal could result in 55,000 seats crossing the Atlantic for reuse in a new Windy City arena. More »

      Tags

      recycling  • 2012 London Olympics  • stadium  • Chicago Olympics  • stadium financing

    • New Stadiums Don't Repay Cities That Subsidize Them

      American  |  May 4, 08 7:57 AM CDT

      New Stadiums Don't Repay Cities That Subsidize Them

      (Newser) - Professional sports stadiums have seen an enormous boom since 1990, often drawing on millions of dollars in public financing. Economics professor Dennis Coates, writing in the American , examines whether the expenditures actually benefit local economies—and  finds the answer a general "no." Stadiums actually reduce per-capita income, drive down wages, and divert spending from other areas. Further, he argues: More »

      Tags

      stadium  • subsidies  • stadium financing

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