Possible tax changes to stadium financing

Discussion in 'MLS: News & Analysis' started by Red Card, Nov 28, 2017.

  1. Red Card

    Red Card Member+

    Mar 3, 1999
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    MLS is mentioned, as well as the NFL, MLB, and colleges. The tax bill currently being considered could make significant changes to how stadiums are financed. The crux of the article is that tax breaks to finance stadiums may get eliminated, in particular, tax-exempt bonds. I did not notice anything to the effect that the owners would be able to keep more of their profits from a lower corporate tax rate, which should make up in part for the possibly higher interest rates.

    https://www.cnbc.com/2017/11/28/gop-tax-plan-threatens-big-break-for-stadium-bondholders.html
     
  2. Coyote89

    Coyote89 Member

    Atlanta United
    United States
    May 18, 2017
    Sounds like one more reason why public financing will become less prevalent (if this passes of course).
     
  3. barroldinho

    barroldinho Member+

    Man Utd and LA Galaxy
    England
    Aug 13, 2007
    US/UK dual citizen in HB, CA
    Club:
    Manchester United FC
    Nat'l Team:
    England
    With the money that the NFL, MLB and College Football makes, team owners should be funding their own stadium developments.
     
    swoot and harrylee773 repped this.
  4. SilentAssassin

    Apr 16, 2007
    St. Louis
    I don't think college football should be lumped in there. They usually do fund their own stadiums, because they can't effectively threaten to move.
     
    barroldinho repped this.
  5. barroldinho

    barroldinho Member+

    Man Utd and LA Galaxy
    England
    Aug 13, 2007
    US/UK dual citizen in HB, CA
    Club:
    Manchester United FC
    Nat'l Team:
    England
    I stand corrected. :thumbsup:
     

Share This Page