Wednesday, May 11, 2011

New Vikings Stadium: One More Example of Crony Capitalism

I've always disliked taxpayer dollars being used to build stadiums for professional franchises. The most absurd of course is in Miami where the Florida Marlins, a very competetive team draws flies and somehow got taxpayer funding for a new stadium. I'm all for the free market, a free market meaning the enterprise pays for itself and its facilities. I love the NFL, but where new stadiums they are "crony capitalists". They only want to take the risks if it's not their money on the line. Below is a article from GCOBB.com, a veteran linebacker of eleven years

From: GCOBB.com

I grew up in love with the NFL and was fortunate enough to play 11 years in the league, but I think something has gone obviously wrong with the league. I hear all the time that too many players have an entitlement mentality.

If players have an entitlement mentality, what about the owners? They seem to feel that they deserve to have people fork over billions of dollars to build them a new stadium to help them make more money.I just read that Minnesota taxpayers are going to fork out $300 million dollars to help build a new stadium for the Minnesota Vikings. They’re also kicking in another $100-$175 million dollars for transportation improvements in the area.

Are you kidding me? Throughout the country, we’re closing schools and laying off police but we’ve got $300 million dollars to give to Minnesota Vikings billionaire owner Zygi Wilf?

Wilf is a billionaire real estate developer who has built many malls throughout the country. He’s a billionaire but they’re going to tax average citizens of Minnesota so that Wilf can build more suites in a new stadium, so that he can make more money.

We all know our politicians are never going to stop spending, but do we need to be paying for a new stadium for a billionaires to get richer?

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