Over the past decade, new tax-supported NFL stadiums rose up for the Indianapolis Colts (the $720 million Lucas Oil Stadium), the Dallas Cowboys (the $1.15 billion AT&T Stadium) the New York Jets and Giants (the $1.6 billion MetLife Stadium, the Minnesota Vikings (the $1.1 billion U.S. Bank Stadium), the Atlanta Falcons (the $1.5 billion Mercedes-Benz Stadium), and the San Francisco 49ers (the $1.3 billion Levi’s Stadium in Santa Clara).
Next in the works: a whopping $2.6 billion stadium for the Los Angeles Chargers and Rams and a $1.9 billion stadium for the Oakland Raiders when they move to Las Vegas. Left behind? An $83 million taxpayer debt on two-decade-old renovations to the Alameda County Coliseum that the Raiders are abandoning.
Bottom line: the government spending does not deliver the return on investment.