Why do cities fund NFL stadiuims?

[SECplayer]

Originally estimated to cost $650 million, the stadium's current construction cost was $1.15 billion,[20] making it one of the most expensive sports venues ever built. To aid Cowboys owner and general manager Jerry Jones in paying the construction costs of the new stadium, Arlington voters approved the increase of the city's sales tax by 0.5 percent, the hotel occupancy tax by 2 percent, and car rental tax by 5 percent. The City of Arlington provided over $325 million (including interest) in bonds as funding,[20][21] and Jones covered any cost overruns. Also, the NFL provided the Cowboys with an additional $150 million loan, following its policy for facilitating financing for the construction of new stadiums.[22]

AT&T gave JJ another 150m for naming rights.

Good info. Thanks.

And $150 million for naming rights? Just crazy.

 

[bigtendominator]

Good info. Thanks.

And $150 million for naming rights? Just crazy.

That is actually low. FEDEX paid Skins $300M over 30 years. Jerry was expecting to get around $15-20M per year on a 20-30 year deal and then the economy went south.

 

[Vlad the Impaler]

Because another nearby city will as well.


You'd have egg on face otherwise.

I hate that argument. i don't care if a team moves. If you go, great, I admire the fact you have no stress and nothing else going on in your life. I don't go to games. If I like a team, I can like them from afar. Another thing, I hate when middle aged guys try to get autographs from 23 year olds. Its. I also hate those same types wearing jerseys of others. It smells of jock sniffing.

Personally, I am a Colt fan and think Peyton Manning has redefined the game. I have no interest in getting his autograph