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Bill Moyers | Stadium Funding Deals Only Enrich the Plutocrats

  • The 3,400 stadium jobs (the Yankees promised) paid a median wage of $10.50 an hour for non-managerial positions. The Yankees, meanwhile, had grabbed $50 million in tax breaks, $326 million in capital improvements, $1.2 billion in tax-exempt bonds and 24 acres of parks that had been owned by the public.
  • Here's How The NFL Makes A Killing Off Of Taxpayers
  • The Problem with Subsidizing Huge Stadiums for Billionaire Team Owners
  • Series | Super Bowl XLVIII Illustrated, Part One: the NFL gameplan

Staff, BillMoyers.com 

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Target_FieldSeptember 12, 2013 | In 2008, as the damage from Wall Street’s collapsing house of cards spread through the brick-and-mortar economy, Bill Moyers took an Emmy Award-winning look at the new Yankee Stadium project, seeing in it a shining illustration of our new Gilded Age.

There, in the South Bronx, the poorest district in the entire country, taxpayers were being asked to subsidize the private profits of one of the wealthiest franchises in organized sports. The Yankees’ owner at the time, the late George Steinbrenner, had bought the team for $10 million dollars in 1973, and by the time the old Yankee Stadium — “the House that Ruth built” — was ready to be replaced, it was worth $1.3 billion, according to Forbes.

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Related:

Here's How The NFL Makes A Killing Off Of Taxpayers, Alissa Scheller, Huffington Post

  • The NFL may be generating money faster than Peyton Manning can rack up touchdowns but the league's owners have a history of looking for handouts when it comes time to pay for new stadiums. Here is a look at the staggering amount of public funds used to build the homes for NFL teams as well as a few of the NFL's other staggering fiscal stats.
  • Bill Moyers | Stadium Funding Deals Only Enrich the Plutocrats

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The Problem with Subsidizing Huge Stadiums for Billionaire Team Owners, Bill Moyers, Moyers & Company

  • The Nation’s sports editor questions whether taxpayer money should be spent to build new arenas in cities where public infrastructure dollars are scarce.
  • Triple Play: Sports, Politics & Greed

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Series | Super Bowl XLVIII Illustrated, Part One: the NFL gameplan, Jason Novak and Mike Duncan, theguardian.com

  • The first installment in a four-part series 
  • The Super Bowl of Subsidies