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That's right -- the $10 billion-a-year NFL is a tax-exempt organization, as is the NHL and the PGA Tour. Before you start comparing the NFL to the American Red Cross, it's important to know how and why the NFL is a tax-exempt organization. According to league spokesman Brian McCarthy, the NFL is organized as a trade or industry association that is exempt from taxation under Section 501(c)(6) of the Internal Revenue Code...
I remember when Bill Bidwell owner of the Cardinals tried to blackmail/extort hundreds on millions from Missouri tax payers, he failed and moved to Arizona.
reply to post by NthOther
Back in the day St Louis was booming and for some reason they thought it would be a good idea to separate from St Louis Co.
Decades later this created a 4 way negotiation between Bidwell, St Louis and St Louis Co, and Mo state. Bidwell wanted a tax paid new dome Missouri already had a tax state wide for building stadiums and other public use facilities, but there wasn't enough in that fund for a brand new dome. The remaining money needed would come from St Louis and STL Co, threw taxes and bonds. Then the issue of where to put the dome; St.Louis city or County.
Bidwill either got tired of the process or just wanted to relocate to Arizona so he took his football and headed South.
A decade ish later St Louis built the Dome with tax payer money and the Rams moved right on in.
Its unbelievable that these elites demand the government supply tax payer money for stadiums. And where are the smaller government crowd funny they have nothing to say?edit on 16-12-2013 by LDragonFire because: (no reason given)
St. Louis and St. Louis County separated in 1876.
RFT: The Great Divorce: Everything You Ever Wanted to Know About the City/County Splitedit on 12/23/2013 by Fury1984 because: (no reason given)
For the record, I'm for smaller government and I think it is atrocious that tax money is used to build these stadiums and the infrastructure to support them. Just like I oppose TIFs for THF Realty/Wal-Mart and Sansone Group/Wal-Mart projects and all other TIF projects. If a business cannot stand on its own without government assistance, it should not stand at all.edit on 12/23/2013 by Fury1984 because: (no reason given)
I think its elite welfare. As far as I know Boeing, or walmart or burger king doesn't ask the government to build buildings for them so why do we accept it from pro sports teams? If you can pay players $100 million a year you can build your own stadium.