In a time of multiple national scandals, you might be surprised to learn that your tax dollars have been pouring into the same prosperous — and troubled — institution that has been making headlines recently.
Yet the Washington Times revealed last week that exactly that situation has been occurring. Taxpayers have spent billions financing NFL stadiums — and despite lofty promises of economic benefits, “there is little evidence those hefty public expenditures pay off.”
From Bankrupting America, some key findings:
- Taxpayers In Virginia, D.C. And Maryland Pitched In $70 Million For FedEx Field, The Washington Redskins Stadium.
- Indiana Residents Pitched In $620 Million, Or $1,866 Per Household Towards The Indianapolis Colts Lucas Oil Stadium.
- Taxpayers Paid For 100 Percent Of The Tampa Bay Buccaneers Stadium When It Was Built In 1998.
- Cincinnati-area Residents Paid For 94 Percent OF The Bengals Stadium, While Taxpayers Covered 90 Percent Of The Baltimore Ravens M&T Bank Stadium.
- In 2016, The Minnesota Vikings Will Be Opening A Stadium Financed With $500 Million In Taxpayer Funds.