One of League's Worst Teams with Highest Paid FO, Asks City to Pay for Second-Most Expensive Stadium

[Pauleta14]

It's the American way. We don't spend tax dollars on useful like modern public transportation, debt free college, and universal healthcare like you guys do, we subsidize the rich.

Well in Paris the mayor basically wants PSG's owner to rebuild the stadium ... but not own it, just a very long rent

Anyway, reading the numbers made me laugh, it's like a diplomatic racket at that price

[SPURt]

Such horse socializing cost while privatizing profit, subsidizing millionaires and billionaires at every turn is as American as school shootings and medical bankruptcies. Like Chomsky says, nanny state for the rich, tough love and market discipline for the rest of us.

+100000000

[itzsoweezee]

Well in Paris the mayor basically wants PSG's owner to rebuild the stadium ... but not own it, just a very long rent

They do that in the US too. It means the franchise will not be paying any property tax. Here, the public also pays for part of the construction costs too, or forgoes other tax revenue.

[Pauleta14]

They do that in the US too. It means the franchise will not be paying any property tax. Here, the public also pays for part of the construction costs too, or forgoes other tax revenue.

It's for a mainly zenophobic/racist reason in Paris, they don't want to sell to the Qatar owners.

I can understand not wanting to sell, PSG's stadium is considered by many as a French "Hisorical monument" that should remain french, but asking to rebuild for the cost of a new stadium without owning it it insane (PSG's owners have since decided to build the new one outside of Paris bc of it)

[libertarian4321]

Didn't taxpayers get stuck funding $100,000,000+ just 6 or 7 years ago for renovations to the current facility that is only about 20-years old?

[RC_Drunkford]

New arena generating more revenue is exactly why the owners should build with their own money.
Take a 10, even 20 year loan and if it's as good as advertised, it's going to pay for itself.

a stadium with an entertainment district is not profitable, that's why they need the tax dollars

[exstatic]

Didn't taxpayers get stuck funding $100,000,000+ just 6 or 7 years ago for renovations to the current facility that is only about 20-years old?

It was longer ago than that. The big three were all still here.