Why should public (taxpayers') money help build stadiums for rich corporations at all? If the stadiums are going to be tax-exempt, then the wealthy can pay all costs for building them. If the taxpayers fund the building of the structure, then there should be compensation to the taxpayers, and taxes would be an appropriate form of compensation. Bear in mind that, although the events conducted in the stadium do create revenue for the city, they also create expenses in the form of infrastructure usage, damage, and maintenance. These expenses are what the taxes would be paying for. And the money to pay the taxes should come out of corporate profits and NOT out of the consumer in the form of higher ticket prices.

Public financing for stadiums is a racket and shouldn’t be legal let alone tax exempt

Professional sports teams make millions, and in some markets billions, each year in revenue. It’s about time professional sports teams start paying their fair share in taxes, especially in the communities that support them.