A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of sports stadiums. Stadium subsidies can come in the form of cash payments, tax abatements, infrastructure improvements, and operating cost subsidies. The government funding to provide stadium subsidies comes from state or local (often municipal) tax revenues.
Read more about Stadium Subsidy: Background, Benefits, Criticisms, See Also
Famous quotes containing the word stadium:
“It’s no accident that of all the monuments left of the Greco- Roman culture the biggest is the ballpark, the Colosseum, the Yankee Stadium of ancient times.”
—Walter Wellesley (Red)