Why should taxpayers fund new stadium renovations for billion-dollar sports teams? - News Summed Up

Why should taxpayers fund new stadium renovations for billion-dollar sports teams?


Owners of both major league sports teams are considered billionaires in easily checked online sources. Forbes magazine lists the Guardians as worth $1.4 billion. Dan Gilbert, Cavs owner, is listed on several such sites as worth $21 billion to $27 billion. Paul Dolan, principal Guardians owner, is worth $4.6 billion. The rental costs of the two sports facilities for the teams, which pay no property tax on the publicly built facilities, should be raised to pay any rehab costs.


Source: Forbes December 26, 2025 22:08 UTC



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