Stadium subsidy

A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue. Stadium subsidies can come in the form of tax-free municipal bonds, cash payments, long-term tax exemptions, infrastructure improvements, and operating cost subsidies. Funding for stadium subsidies can come from all levels of government and remains controversial among legislators and citizens.

Surveys of economists show a significant majority of them support eliminating public subsidies for professional sports franchises.^[1][2][3] According to economists, state and local subsidies to build stadiums for professional sports teams are unlikely to result in economic benefits that exceed the costs to taxpayers.^[4][5][6] Stadium subsidies have distributional effects, primarily benefitting wealthy owners, players and other staff of sports franchises while imposing costs on the public.^[7] Stadium subsidies are widely criticized for using taxpayer funds to benefit franchise owners, who are often billionaires, to the detriment of public schools and infrastructure.^{[8][9][10][11][12]}