Originally Posted by m21eagle45
That's how they stay wealthy, they know how to be smart with their money. It's not their fault cities are willing to pay for the majority of these projects. It will stop once there is enough public support against these types of projects.
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It is plausible that all of this public money could dry up at some point. Increased cable cutting could lead to:
http://www.breitbart.com/sports/2017...sports-bubble/:
Once cable sports networks start folding because no one wants to pay their higher rates, the huge dollars they pay for broadcast rights will cease rolling into league pockets. This will cause the leagues to scramble to replace that lost revenue, and it will mean that prices will be raised for tickets that are already out of reach for the average fan. Worse, leagues will also likely begin ramping up their demands that local taxpayers pick up more and more of their expenses.
This will likely cause a downward spiral in professional sports. Eventually, the increasing ticket prices will keep fans at home, and with fewer people attending games local politicians will find it harder to excuse handing tax dollars to billionaire team owners. After all, claims of the so-called benefits of increased visitors to the areas where stadiums sit will become increasingly erroneous when fewer people are seen attending games. So, politicians will have no excuse to so readily hand out tax dollars like they do today.
It is quite possible that in the years to come players will see their multi-million dollar salaries falling, teams will find fewer fans in the stands, cable TV will see fewer sports channels in existence, and the billions of dollars that currently flow throughout professional sports will dwindle. It is quite conceivable that the gravy train is just about ready to come to an end.
Make no mistake, this will also eventually impact college sports, too