Submitted by Darbo-Jenkins t3_10iawey in newjersey
4rch t1_j5gfg2e wrote
Reply to comment by JruASAP in Well, there’s always next year. by Darbo-Jenkins
The devil is in the details. By doing so they cut the city off from being able to have any opportunity for shared revenue in parking and accommodations.
The super bowl also cost the state $36 million in taxpayer money. The average tax revenue from the stadium itself is about $6 million.
And now we have the world cup to consider that will cost $14 million to prepare the stadium and a $5 million revolving credit account for the organization planning the renovations.
It's kind of like buying a horse. If I bought you a horse and convinced you to just pay for upkeep while I profit from whatever I use the horse for...well then I've fucked you.
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