so the answer is, you dont know. You assume so
nice job of using the Tennessee Outlook, a liberal leaning pos, as your source. Of course they'd cry on using money as investment but like you and the Outlook, wont say a word when the money comes rolling in from the tax revenue generated by these stadiums.
Again, its called an investment to generate money in the long run. Might want to do some research on how the new stadium is funded before you cry your liberal tears
Nashville officials agreed with a financing structure that
uses taxes from in and around the venue to pay for a large portion of the price tag.So, City and State will take correctly collected taxes and give them to the cost of the stadium. The State portion of Sales tax should go to all of TN, not just nashville.The local tax should go to Metro. In the deal, the state of Tennessee plans $500 million toward the stadium, while $760 million comes from revenue bonds issued by the Metro Sports Authority to be repaid via a 1% Davidson County hotel occupancy tax, in-stadium sales tax, 50% of sales tax from future development of the stadium's campus and ticket taxes and fees.
The Tennessee Titans will spend $2.1 billion to construct a new fully enclosed stadium next door to the site of the current facility.
www.forbes.com
I am very happy Phil Bredesen and other gov't officials actively pursued the Predators and Titans to come to Nashville. Without those teams not only the city but the state would not be in the financial situation we are in now. We prosper from the tourism from both teams as well as the tangents Being a sales tax based state instead of an income tax state, it allows tourist to fund our city/state instead of the burden directly on the citizens.
A good rule of thumb, son, is not to bite the hand that feeds you.