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.
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Famous quotes containing the word stadium:
“The final upshot of thinking is the exercise of volition, and of this thought no longer forms a part; but belief is only a stadium of mental action, an effect upon our nature due to thought, which will influence future thinking.”
—Charles Sanders Peirce (1839–1914)