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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: stadium financing

stadium financing stories: 4 news summaries

Bailed-Out Banks Won't Bail on Sports Sponsorships

Gaudy expenditures anger public, Congress

Nov 25, 08 11:06 AM CST
(Newser) - Citibank is getting billions from taxpayers and cutting thousands of jobs, but it's not canning its 20-year, $400 million deal to dub the New York Mets’ new stadium “Citi Field.” Such big advertising deals are coming under the microscope—and have critics crying foul, ABC News reports. “... More »

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advertising • Manchester United • Citigroup • New York Mets • AIG • bailout • Comerica Park • stadium financing • banking industry • Citi Field • financial crisis

County Wants Stadium Payback if Steelers Are Sold

Controller sends team a warning

Jul 16, 08 12:29 PM CDT
(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... More »

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

For Sale: Stadium Seating,
Lightly Used

London Olympic planners eye passing along parts of arena

May 27, 08 10:45 AM CDT
(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... More »

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

analysis

New Stadiums Don't Repay Cities That Subsidize Them

Putting public funds into arenas has some benefit, but not enough to justify millions

May 4, 08 7:57 AM CDT
(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... More »

MORE ABOUT:
stadium • subsidies • stadium financing

4 Stories


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