kateoplis:

Of course the jets were just the tip of the iceberg in a Super Bowl that typified “fiscal insanity” more than any before it. 

I don’t know about you, but I don’t want to live in Jerry World. In Jerry World, a $1.15 billion stadium looks like the Taj Mahal on the outside, but inside some of the seats violate the fire code. In Jerry World, the state of Texas spends $31 million to host the Super Bowl, even as deficits force public school cuts. In Jerry World, it can cost $900 just to park. In Jerry World, fans pay hundreds of dollars to stand outside the stadium… 

But in the end, this Super Bowl taught me a lesson: Luxury can actually be debasing. The last great building binge in the NFL was from 1995 through 2003, when 21 stadiums were built or refurbished in order to create more luxury boxes, at cost of $6.4 billion. Know how much of that the public paid for? $4.4 billion. Why are we giving 32 rich guys that kind of money, just to prey on us at the box office and concessions? The Dallas deal should be the last of its kind.

When an owner grows tired of a facility and leaves, guess who picks up the tab? New Jersey still owes $110 million on the old Meadowlands home of the New York Giants and Jets, and when both teams moved to their new $1.6 billion, privately financed stadium, they got a huge tax break. According to the Wall Street Journal under their old agreement they paid $20 million a year in tax revenues; now they will pay only about $6 million a year. Know what New Jersey’s deficit is? I’ll tell you: $36 billion.

(via calculatedrisk)