16 Aug 2023 4:12 pm
You're comparing apples and oranges.RedheadedStranger » 16 Aug 2023, 2:32 pm » wrote: ↑ Read these two excerpts about how the Democrat stronghold of Metro Nashville/Davidson Co. Is allocating taxpayer dollars.
Schools in Nashville have an average ranking of 2/10, which is in the bottom 50% of Tennessee public schools.
yet...
Tennessee Titans Stadium is an American football stadium that has been proposed for use by the Tennessee Titans to be constructed in Nashville, Tennessee and succeed Nissan Stadium beginning in 2026. The 60,000-seat stadium would cost $2.1 billion, $1.26 billion of which is subsidized by the public.
The new stadium was approved last week.
Government funds that go toward stadiums is (almost always) generated by selling bonds and the funds necessary to retire that debt comes from two sources...a temporary additional sales tax of 1/2 cent that goes away when the bonds are retired and (in the case locally) the city's cut of any naming rights proceeds. Locally, the City of Arlington contributed $135 million for a baseball stadium in the early 90's...sales tax revenue increase so much the bonds were retired 10 years ahead of schedule. In 2006, the voters approved $350 million for AT&T Stadium (Jerry kicked in the other billion). We also approved $200 million for the new baseball stadium (AT&T stadium bonds were "refinanced" to put both stadiums in one debt) retirement of those bonds is currently ahead of schedule...even with the refinancing. People don't like to admit it, but on a micro level, a professional sports venue can be a huge windfall for a city.
School funding comes from an entire different source.
But don't let facts get in your way...