ok.
I’ll take a guy who is a professor in economics and has an impartial book detailing the economic impact of sports facilities and franchises published over a simple claim the stadium is “cost effective”.
Over 60% of the stadium is funded by the public.
On top of that, it was no coincidence this was immediately pushed through when Kathy Hochul become Governor of the state.
There is a significant trend in sports franchises not making the public front the majority of the cost. On average it’s around 30-35% publicly funded. Ours is the complete opposite. Around 60/40.
Furthermore MetLife stadium, UBS Arena and SoFi stadium were all entirely privately financed.
It can easily be done.
Especially for owners or groups who are already billionaires.
Cost of living has skyrocketed whilst the income doesn’t match. On top of insane price increases for most events the public/fans attend and they’re making money hand over fist. You then have all other revenue, TV deals etc
They make their money back. Exponentially.
But sure. It’s a great deal for the regular Joe’s to be paying the majority of