Details are still vague and it could be years before such a plan comes to bear — if at all.
The Silver and Black's lease on the aging AT&T Center, soon to be the Frost Bank Center, doesn't expire until 2032.
"I think there's pretty clear evidence from economists that public subsidies for stadiums are like reverse Robin Hood," Trinity University professor of economics David Macpherson said."That is, they always claim there's economic benefits from building stadiums and arenas, but that never happens."Around the year 2000, the model of suburban sports arenas surrounded by massive parking lots gave way to a new concept — the Sports Entertainment District.
As often precedes the development of a pro-sports arena, the NBA's Sacramento Kings threatened to relocate if the city didn't provide the team with a new facility. Ultimately, Sacramento agreed to spend more than $200 million in taxpayer funds to help the Kings build the new Golden 1 Center, replacing a mostly vacant two-story outdoor mall that had lost its luster since being developed in the early '70s.
Zimbalist used Cincinnati's 65,000-seat Paycor Field, home of the NFL's Bengals, as a prime example of what happens when previously promised private development money doesn't materialize. "Off the jump, this leaves the question of what happens to the AT&T Center that never fulfilled its promises to spur positive development on the [E]ast [S]ide," McKee-Rodriguez wrote on X, the social media platform previously called Twitter."A new stadium cannot and should not happen until there are steps to remedy this broken agreement."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
San Antonio Zoo offers free, unlimited rides at Kiddie Park with weekday zoo admission in SeptemberIf you plan to visit the San Antonio Zoo on a weekday this September, you’ll be able to stretch your dollar a little further with unlimited free rides at the Kiddie Park.
Weiterlesen »
Live Music in San Antonio This Week: Coheed & Cambria, Watchtower, Cold Cave and moreLocal shows featuring psych trio The Wizard and artsy ensemble High Heavens are also on the calendar.
Weiterlesen »
San Antonio Zoo welcomes rare and endangered okapi calf born over the weekendA quarter of the okapi's habitat in the Congo Basin Rainforest could be destroyed by 2050.
Weiterlesen »