Monday, August 15, 2011
For some time now it has become the fashion to sell advertising on city-owned* property in order to generate some revenue for these services and facilities so that the area taxpayers don't have to foot the bill. This is especially true of sports arenas which cost millions and millions of pounds to construct, maintain, and operate. It is likely several cities would not be able to construct a fancy stadium on their own to rent to various sports franchises, so the big bucks from corporate sponsors are a godsend to these cities who also reap tax revenue from the money the fans spend at games and shopping. Be sure to salute the corporate sponsor of your favorite football or cricket or rugby major league team the next time you pass by the stadium or attend a game. It's your tax dollars that are being saved!
*Not all stadia are owned their cities or counties, of course, though it is almost always the case in the U.S. now.