Jacksonville is getting 1.4 billion to fix the football stadium

[kjw47]

As always at the tax payers expense. Paying for billionaires to make more money. WHY? The tax payers would never vote yes for that BS. The only reasoning is because huge kickbacks to the corruption running those cities is why it occurs. Do the People in the usa have a serious lack of intelligence?

 

[pknopp]

I'm from Cleveland and I still follow their sports teams BUT I'm glad I'm not going to be on the hook for a new football stadium (which is crazy no older than the current one is).

I have no idea why people pay for stadiums for billionaire owners.

 

[AMart]

As always at the tax payers expense. Paying for billionaires to make more money. WHY? The tax payers would never vote yes for that BS. The only reasoning is because huge kickbacks to the corruption running those cities is why it occurs. Do the People in the usa have a serious lack of intelligence?

It's insane. Where would they move Mexico?

 

[jackflash]

As always at the tax payers expense. Paying for billionaires to make more money. WHY? The tax payers would never vote yes for that BS. The only reasoning is because huge kickbacks to the corruption running those cities is why it occurs. Do the People in the usa have a serious lack of intelligence?

Ahhh, those $weet kickback$!

 

[candycorn]

As always at the tax payers expense. Paying for billionaires to make more money. WHY? The tax payers would never vote yes for that BS. The only reasoning is because huge kickbacks to the corruption running those cities is why it occurs. Do the People in the usa have a serious lack of intelligence?

Yes.

Back in the 90's when there were unanswered questions about whether stadiums created jobs, income, and elevated the standard of living, I understood the argument. That question has been answered in every community and it's a resounding "no"--it does none of that; much like the tired and quite disproven argument that college football makes money for the universities--if it did; tuition would be free at this point right?

Anyway, the only reason communities still fund these stadiums is because the politicians who push these initiatives benefit from them. They get seen in a positive light at the largely meaningless games because the only people in the stadiums are fans of the team. When the bonds come due in 30 years, the politicians are probably dead and definitely out of office. Houston still owed money on bonds for the Astrodome several years after the last games were played there.

This from 2013.

https://www.houstonchronicle.com/news/houston-texas/houston/article/Money-still-owed-on-Dome-less-than-previously-4608496.php

The mayor at the time, Bob Lanier maybe, died a few years ago.

 

[White 6]

As always at the tax payers expense. Paying for billionaires to make more money. WHY? The tax payers would never vote yes for that BS. The only reasoning is because huge kickbacks to the corruption running those cities is why it occurs. Do the People in the usa have a serious lack of intelligence?

Do the People in the usa have a serious lack of intelligence?
Yes. Sometimes. Sad to watch, at times.

 

[candycorn]

Do the People in the usa have a serious lack of intelligence?
Yes. Sometimes. Sad to watch, at times.

On the macro it's crazy. In the comparative micro, its positively insane how much the entities spend on bread and circuses.

Cash strapped school districts find money to build $60M sports stadiums and then pay to ship their sports teams across the state to play games that nobody remembers weeks later.

One could make the argument that a professional football stadium would, maybe, attract a concert, a Super Bowl, a World Cup match or something here and there. It, in no way, justifies the costs but such an argument could be made. School districts can't do that.

 

[Montrovant]

Yes.

Back in the 90's when there were unanswered questions about whether stadiums created jobs, income, and elevated the standard of living, I understood the argument. That question has been answered in every community and it's a resounding "no"--it does none of that; much like the tired and quite disproven argument that college football makes money for the universities--if it did; tuition would be free at this point right?

Anyway, the only reason communities still fund these stadiums is because the politicians who push these initiatives benefit from them. They get seen in a positive light at the largely meaningless games because the only people in the stadiums are fans of the team. When the bonds come due in 30 years, the politicians are probably dead and definitely out of office. Houston still owed money on bonds for the Astrodome several years after the last games were played there.

This from 2013.

https://www.houstonchronicle.com/news/houston-texas/houston/article/Money-still-owed-on-Dome-less-than-previously-4608496.php

The mayor at the time, Bob Lanier maybe, died a few years ago.

Why would tuition be free if football made money for universities, or at least private ones?

 

[candycorn]

Why would tuition be free if football made money for universities, or at least private ones?

Ohio State makes (allegedly) tens of millions of dollars every year on football alone. The players aren't paid. Where does all the money go? Certainly not to offset the costs of tuition for the citizens of Ohio.

 

[Montrovant]

Ohio State makes (allegedly) tens of millions of dollars every year on football alone. The players aren't paid. Where does all the money go? Certainly not to offset the costs of tuition for the citizens of Ohio.

If they make that much, I'd imagine it goes to salaries, new buildings, new staff, etc. Lower tuition? But they could expand the library, add a new wing to the biological sciences building, put a new level in one of the parking garages...

And while the school is supposed to make quite a bit of money from football, the totals for the entire athletics department are smaller, as some of the sports lose money, rather than making it (at least from what I've read).

SOME colleges almost certainly make money from their football programs. College football is big business. But they also spend a lot, and the schools are unlikely to ever lower tuition because of any football revenue, unfortunately.

 

[candycorn]

If they make that much, I'd imagine it goes to salaries, new buildings, new staff, etc. Lower tuition? But they could expand the library, add a new wing to the biological sciences building, put a new level in one of the parking garages...

And while the school is supposed to make quite a bit of money from football, the totals for the entire athletics department are smaller, as some of the sports lose money, rather than making it (at least from what I've read).

SOME colleges almost certainly make money from their football programs. College football is big business. But they also spend a lot, and the schools are unlikely to ever lower tuition because of any football revenue, unfortunately.

Makes you wonder why they have a football team if it doesn't benefit the university all that much.

So that was a quarter of a billion dollars last year alone. You're saying that after salaries, new buildings new staff, expanding the library and a new wing on biological sciences and the new level on one of the parking garages, there wasn't enough left to lower tuition?

Of course they probably made similar amounts in 2022, 2021, 2019, 2018, 2017..... Strange how that money never finds its way into lowering tuition costs. I'm signaling out the SuckEyes because, well, they're they SuckEyes...but the same thing happens in nearly every state that has one of these "indispensable" football teams at their PFU. Thankfully a lot of states just have one of them.

 

[Montrovant]

Makes you wonder why they have a football team if it doesn't benefit the university all that much.

View attachment 967574

So that was a quarter of a billion dollars last year alone. You're saying that after salaries, new buildings new staff, expanding the library and a new wing on biological sciences and the new level on one of the parking garages, there wasn't enough left to lower tuition?

Of course they probably made similar amounts in 2022, 2021, 2019, 2018, 2017..... Strange how that money never finds its way into lowering tuition costs. I'm signaling out the SuckEyes because, well, they're they SuckEyes...but the same thing happens in nearly every state that has one of these "indispensable" football teams at their PFU. Thankfully a lot of states just have one of them.

According to SI, in 2022 OSU athletics made $251 million, but spent about $226 million. They could have used that money to lower tuition, but when has that ever happened?
If the football program makes money, the school can always find a way to spend it.

Buckeyes Take Top Spot Among Athletic Revenue In 2022

The Buckeyes earn the top spot in total revenue for the fiscal 2022 year.

www.si.com

 

[candycorn]

According to SI, in 2022 OSU athletics made $251 million, but spent about $226 million. They could have used that money to lower tuition, but when has that ever happened?

Never. Which brings us back to the question in the OP...

Do the People in the usa have a serious lack of intelligence?

Yes.

If the football program makes money, the school can always find a way to spend it.

Buckeyes Take Top Spot Among Athletic Revenue In 2022

The Buckeyes earn the top spot in total revenue for the fiscal 2022 year.

www.si.com

And I understand there is a certain amount of maintenance costs. We can discuss that and whether Ohio State should be in the football business anyway. But if you're spending nearly a quarter of a billion dollars a year in maintenance of a department...you're probably overshadowing the original ideals of college athletics.

The only reason they do it (from the standpoint of the organization) is the same as JAX building a football stadium. It's cooler to have one than not have one. Tampa has one so we have to have one....

 

[kjw47]

It's insane. Where would they move Mexico?

Let their billionaire owner pay for it.

 

[Couchpotato]

The answer is relatively obvious. People like to go watch sports are are willing to give up tax dollars to see them.

Is it any worse a use of tax dollars than the funding we are currently providing to numerous foreign wars? With that kind of money we could build lots of new sports stadiums and kill fewer people as an added benefit....

 

[AMart]

According to SI, in 2022 OSU athletics made $251 million, but spent about $226 million. They could have used that money to lower tuition, but when has that ever happened?
If the football program makes money, the school can always find a way to spend it.

Buckeyes Take Top Spot Among Athletic Revenue In 2022

The Buckeyes earn the top spot in total revenue for the fiscal 2022 year.

www.si.com

Supply and demand. There is no incentive to lower tuition. State U does not have the interests of state residents at heart. They could make 3 times more $$$ by just admitting foreign students or 2 times more admitting out of state.

Also money made from men's bball and football subsidizes non revenue and female sports.

 

[odanny]

The Panthers are spending $800 million in upgrades, and the taxpayers are paying $650 million. The team has a no relocation clause until 2045. The Jags also are under contract to not move anywhere for 20 years.

Interesting that the voters voted down paying for new upgrades for the Chiefs stadium, which is ranked the worst stadium in the league.

 

[jack3]

Yes.

Back in the 90's when there were unanswered questions about whether stadiums created jobs, income, and elevated the standard of living, I understood the argument. That question has been answered in every community and it's a resounding "no"--it does none of that; much like the tired and quite disproven argument that college football makes money for the universities--if it did; tuition would be free at this point right?

Anyway, the only reason communities still fund these stadiums is because the politicians who push these initiatives benefit from them. They get seen in a positive light at the largely meaningless games because the only people in the stadiums are fans of the team. When the bonds come due in 30 years, the politicians are probably dead and definitely out of office. Houston still owed money on bonds for the Astrodome several years after the last games were played there.

This from 2013.

https://www.houstonchronicle.com/news/houston-texas/houston/article/Money-still-owed-on-Dome-less-than-previously-4608496.php

The mayor at the time, Bob Lanier maybe, died a few years ago.

Tuition is high because of useless PC majors and programs. You can guess them.

 

[jack3]

Ohio State makes (allegedly) tens of millions of dollars every year on football alone. The players aren't paid. Where does all the money go? Certainly not to offset the costs of tuition for the citizens of Ohio.

Again, it's wasted. A lot of elitist academics who just like to entertain themselves.