Why We're Paying $33 Billion for Stadiums

Thanks for watching!

-------------------------------------------

Since 2000, U.S. cities have spent over $23 billion in public money on stadiums, and the pace is only accelerating. In 2024 alone, proposed subsidies topped $13 billion. Cities across the country—from Las Vegas to Buffalo—are committing hundreds of millions to new stadiums and renovations, often using public bonds and targeted taxes. Officials promise tourism, jobs, and revitalization. But study after study shows these investments rarely deliver the projected economic returns. In fact, many simply shift activity rather than create it, while long-term debt strains local budgets. Still, stadium deals persist due to political incentives, relocation threats, and the allure of civic pride. While some stadiums—like Golden 1 Center and Columbus’s Arena District—prove strategic investment can pay off, they’re exceptions. This video breaks down how public stadium subsidies became standard practice, what they really cost, and why cities keep doing it.

--------------------------------------------

Fair Use Disclaimer:

This video contains copyrighted material used under the guidelines of fair use. The purpose of this video is to tell a story, and the content is transformative in nature. It is used for educational purposes, with the intention to inform and entertain viewers. All rights to the copyrighted material are retained by the respective owners.

If you believe your work has been used in a way that does not fall under fair use, please contact me directly for resolution by emailing me at [email protected]!