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Post by Ganon83 on Dec 24, 2015 10:26:45 GMT -5
So, well, are people opposed to the Packers? I mean, we are a public team and we usually do a stock sale if we want to do a major rennovation to our 50+ year old stadium.
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Reflecto
Hank Scorpio
The Sorceress' Knight
Posts: 6,847
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Post by Reflecto on Dec 24, 2015 10:33:45 GMT -5
So, well, are people opposed to the Packers? I mean, we are a public team and we usually do a stock sale if we want to do a major rennovation to our 50+ year old stadium. There's a world of difference since the Packers are publicly owned and are treated as a nonprofit- in that case, it's the owners who are paying, they just happen to be the public. There is nothing wrong with that. Unfortunately, the Packers are the ONLY team run like that- indeed, they made rules in the NFL and/or other sports specifically saying no other team can be publicly owned. As a result, everyone else gives you the rich people who own it getting money from the city/taxpayers for their stadium.
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Post by HMARK Center on Dec 26, 2015 14:10:03 GMT -5
Ideally, more teams would be run like the Packers.
Frankly, the only way out of this boondoggle cycle is to make it outright illegal to publicly finance stadiums past a certain percentage. It'd be incredibly tough to pull off, but sadly big businesses are always happy to "privatize the profits, socialize the expenses/losses". The municipal stadiums of the 60s-80s made a lot sense: they could house a baseball team, football team, and host various concert and event dates. Unfortunately, those stadiums tended to get worn out and old looking very quickly, often relied on artificial surfaces, etc., and now here we are, especially as owners have become enamored with increased private box and luxury suite profits.
Among the various venue types, arenas make the most sense to publicly finance given the number of events an indoor 15,000-20,000 seat venue can host, followed by baseball stadiums, with football stadiums way, way far behind. Even in the better cases, though, most studies and lived experiences show that all too often the public expenses of opening arenas and baseball stadiums are rarely fully compensated, and typically not worth the public investment.
We need to get to a point where fans are willing to say "ok, screw you, go ahead and leave", but then you'd have to bank on another city not being around to say "ooh, please, PLEASE come here!". That's why you're likely not going to see much change without a legal overhaul.
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Post by Cyno on Dec 26, 2015 14:19:12 GMT -5
The Packers' unique ownership situation is part of why I like them a lot as a second team. FOOTBALL FOR THE PEOPLE!
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