Remember this?
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George W. Bush and the Texas Rangers
When he bought the team, the Rangers were playing in an old minor-league stadium. It didn’t have the fancy sky boxes and other amenities that helped make other franchises much more profitable. As a result, the team couldn’t compete with other big-city teams for good players. But the new owners weren’t willing to finance the construction of a new ballpark. They decided to hit up taxpayers for the money.
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First, the new owners threatened to move the team out of Arlington, Texas, sending local officials scurrying to put together a deal they couldn’t refuse. Under the resulting agreement, the taxpayers of Arlington would raise $135 million, the bulk of the cost of construction, through a hike in sales taxes. During a campaign to sell the sales tax increase to Arlington voters, then-mayor Richard Greene said the team owners would put $50 million of their own money into the deal up front. It didn’t quite work out that way; the owners raised a hefty portion of their down payment from fans, through a one dollar surcharge on tickets.
The city spent $150,000 on an advertising campaign to persuade voters. Opponents of the deal couldn’t compete with glossy brochures, telemarketing calls, and a “Hands Around Arlington Day.” On Jan. 19, 1991, citizens of Arlington voted two-to-one to approve a sales-tax increase dedicated to building the new park. here
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And this: Minnesota taxpayers, $348 million — or about $616 million, including interest over three decades. here
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Las Vegas for the Raiders? $750 million taxpayer subsidy. here
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It can be done. Check this out. Chargers love LA. here. Great job San Diego!
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