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The article does not mention the amount of sales taxes generated by state or city from a stadium event -- or even surrounding sales. This can be significant to revenue. We learned this in San Diego with our downtown baseball stadium.
The key is WHERE the stadium is. Putting in a stadium in a centralized downtown or financial hub of activity with restaurants, bars, and hotels, creates a synergy of revenue and has a cascading effect on business sales and therefore jobs and city/state revenue. It's not just about the raw building of a stadium. It's where and what.
newjerseynewsroom.com
Friday
May 25th
LESSONS LEARNED: What about sales taxes from surrounding businesses?
This is a comment on "Do states get a return on sports facilities investments?"