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That is such a waste on the state and its citizens.
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Eh more of these teams aren’t getting tax breaks or gov funding. I want to say the LA football stadium, Golden States arena and numerous other new ones are entirely or almost entirely private builds. The Raiders stadium is another
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Many of them get state funding. Then the burden falls on the tax payers in that state, usually the city with the stadium.
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Not suited for baseball though. Most cities no longer have multi sport stadiums. The exception being basketball and hockey in some cities but most leagues want their own teams to have their own stadiums/arenas