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John Oliver Shows How Dumb It Is For Cities To Finance Sports Stadiums

  • July 13, 2015

 

American cities are shelling out large income for new sports stadiums — and John OliverWhy? 

“Sports teams are rich businesses with rich owners and they still get a help,” Oliver pronounced on HBO’s “Last Week Tonight

In the segment, he looked during a excesses of new stadiums, from snakeskin seats to a swimming pool that overlooks a personification field.  

“Most new stadiums today demeanour like they were designed by a coked-up Willy Wonka,” he said. 

Those oppulance comforts cost a lot of money, and cities have been profitable most of it, coughing adult $12 billion for 51 new comforts built between 2000 and 2010, Oliver said.

In one case, a Detroit Red Wings got authorized for $280 million in taxpayer income for a new locus 6 days after a city filed for bankruptcy. As Oliver forked out, a team’s owners is Little Caesars founder Mike Ilitch, who’s value an estimated $5.1 billion.

“That’s a small tough to swallow,” Oliver said. “Sure, not as tough to swallow as a Little Caesar’s crazy bread with an collection of Caesar Dips — though still flattering hard.”

Check out a shave above for a full reason of how teams are regulating and abusing public supports to build large new sports “theme parks” and how cities are removing small to zero in return.

Be certain to hang to a finish as Oliver uses a verified sports film cliche to assistance make his case.  

Article source: http://feeds.huffingtonpost.com/c/35496/f/677530/s/481190a0/sc/19/l/0L0Shuffingtonpost0N0C20A150C0A70C130Cjohn0Eoliver0Eshows0Ehow0Edumb0Eit0Eis0Efor0Ecities0Eto0Efinance0Esports0Estadiums0In0I77831360Bhtml0Dutm0Ihp0Iref0Flos0Eangeles0Gir0FLos0KAngeles/story01.htm

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