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Reply #67: Looks like Turner Field in Atlanta was paid for entirely by private [View All]

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Spike from MN Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-05 02:02 PM
Response to Reply #65
67. Looks like Turner Field in Atlanta was paid for entirely by private
funds. Here's a link:

http://www.skywaynews.net/pdfs/stadiums.pdf

And here's another quote and link:

By the time the 1990s end, at least 45 stadiums and arenas will have been built during the decade, and $4 out of every $5 spent on stadiums comes from public sources. In fact, of the 49 existing major-league football and baseball stadiums, 44 were built with public money. There are, however, a few notable exceptions to the public-finance trend (see Table 1).

The new stadium for the San Francisco Giants, scheduled to open in 2000, will be the first major-league baseball park to be completely financed by the private sector since Dodger Stadium was built in 1962. Chase Securities will provide $140 million of the construction cost of Pacific Bell Park, named after the telephone company that has paid $50 million to have its name on the park for 24 years. The rest of the $225 million cost will be financed by naming, sponsorship, and concession rights; charter-seat sales; and $10-$15 million in revenues from future Giants games.

Similarly, in Denver, the NBAs Nuggets and the NHLs Avalanche are building a private arena, the Pepsi Center. Ascent Entertainment plans to spend $150 million to build the arena, which will have 19,092 seats, 84 luxury boxes, and a 300-seat cafe. Ascent expects to match its initial investment with first-year revenues, including $90 million in ticket sales from 80 hockey and basketball games and 70 other events, such as rodeos and concerts; $17 million from luxury boxes and club seating; $20 million from naming rights from Pepsi; and $20 million from parking, concessions, and advertising.

http://www.privatization.org/database/policyissues/faci...

Not sure how accurate the list is as the Target Center is listed on there but it shouldn't be. At any rate, I'm not going to waste any time chasing down proof whether or not the other stadiums on the list have been built with private funds because that's not the issue here. The issue is that Pohlad wants taxpayers to build him a stadium so he can line his pockets with taxpayer money. It's corporate welfare and nothing more.
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