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Economy

The Never-Ending Stadium Boondoggle

You and I continue to foot a large part of the bill for America’s billionaire sports owners.
relates to The Never-Ending Stadium Boondoggle
Dan Huntley / Flickr

As the 2015 NFL season kicks off and all the excitement that comes along with it, let us not forget that U.S. taxpayers are bearing a large part of the cost. In the past 15 years alone, over $12 billion of the public’s money has gone to privately owned stadiums—constituting essentially a massive transfer of wealth from everyday Americans to the super-rich owners and players involved in these billion-dollar sports franchises.

The Dallas Cowboys ushered in the era of the billion-dollar stadium when their current facility opened in 2009. Taxpayers assumed the cost for over a quarter ($325 million) of its $1.2 billion dollar price tag.