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Local governments have spent billions on stadiums for privately owned sports teams. Do taxpayers ever see the benefits?
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It's one of the best deals and sports privately own team secure hundreds of millions of dollars from taxpayers to build them stadiums.
-- -- few scenes in America are built with private only financing it really comes -- the question of how much.
Of the public -- to roll -- -- are going to go.
In some towns to fall.
Miami's deal with its baseball team will cost taxpayers billions and securities exchange commission is investigating that financing deal.
Opponents of the Cincinnati Bengals new stadium say the team police the local government.
Forcing cuts to services to finance stadium -- the full time team here the Tampa Bay -- -- in search of -- new stadium.
The -- facility Tropicana Field is widely known as one of the worst if not the war stadium.
In Major League Baseball and so number of governments down here considering using taxpayer dollars to help fund -- new stadium.
We talked to Tampa's mayor earlier and he told us that -- -- dollars could be part of this though he's gonna drive a hard bargain.
Ultimately the owners are gonna have to put a lot of -- in this game because in this economy.
In this environment we don't have the wherewithal to do it in -- public doesn't have the appetite -- Local business groups say keeping the raise in the Tampa Bay region will add to economic growth and tax receipts there is return if it's done right.
And that's where the three parties coming together is what really matters and how you look at that venture but it's gotta be something that works for government.
As well as for the team still tax dollars are financing facilities for profitable private businesses.
Major exports and America's totally unique we we pride ourselves on being this open capitalist economy but we active incredibly closed off.
Cartel like professional sports network we have these teens.
That really have lived through incredible amount of control over the over the markets they -- here in the United States and in some ways that really stacks the deck against the citizens who frankly pay for their tickets that comes to their -- -- in Tampa Bay officials say they have the leverage the raise least keeps them in Tropicana Field through the 20/20 seventh season.
Rich Edson Fox Business.
