Sucks for tax-paying citizens, just like any project like this. As a husker fan, I'm excited. Memorial stadium is iconic, but is not pleasant to be in or to watch games in. The bathrooms are responsible for many Nebraskan children's nightmares.
this post was submitted on 28 Sep 2023
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There's no public money going into this project as far as I can tell.
The article says half the $450M is coming from private donations. It doesn't explicitly say where the other half is coming from, but I kind of assume the public is on the hook for the balance.
$225M of taxpayer money is indeed a lot, but not unusual. For example, the state of Tennessee is paying $350M to renovate the Liberty Bowl.
The other 225 is likely loans.
The real irony being most TN taxpayers are not tigers fans in the slightest
That's my assumption as well. New and renovated stadiums/arenas/etc. Are almost always funded by local taxes, despite the teams/promoters/etc. Who reap all the benefits being rich enough to build their own facilities. They hold communities for ransom and promise trickle-down economic benefits that never materialize.
Lincoln specifically botched this with the new arena a few years back. They raised the property value around it so much that businesses couldn't afford the rent. At least while I was there, the area was usually half-empty buildings. And the extra sales tax to pay for it hadn't gone away several years after it supposedly would.
Seems like they could basically replace the stadium for that amount of money...
You have to consider demoing the old stadium. If the structure is still good, you save a fuck ton of money by reusing it.
I have no knowledge of the structure's viability or lack thereof, so...
10000 sounds substantial, are they worried about missing a sellout?