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How American Taxpayers Pay Billions To Fund NFL Stadiums

In 2022, the Tennessee Titans of the NFL unveiled their plans for a new stadium in the heart of Nashville. At the price tag of $2.1 billion, the 1.7-million-square-foot stadium can house 60,000 screaming football fans.. The only caveat? Taxpayers will fund more than half of the stadium’s cost.: $500 million from the state and $760 million through revenue bonds issued by Nashville’s Metropolitan Sports Authority. Since 2000, public funds diverted to helping build professional sports stadiums and arenas have cost taxpayers $4.3 billion. While the NFL and team owners contend that building stadiums will provide economic growth for a city, economists and urban planners claim otherwise. Chapters: 00:00 Intro 1:45 The loophole 4:24 Stadium-mania 5:31 National and local revenue 8:16 Spillover gains 12:20 Reform Producer: Darren Geeter Senior Managing Producer: Tala Hadavi Animation: Christina Locopo » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How American Taxpayers Pay Billions To Fund NFL Stadiums