Build the stadium, on developers’ dime
As a lifelong resident of the Chattanooga area, I am incredibly excited about the proposed new stadium and can’t wait to attend games, eat dinners nearby and more. Its addition will bring significant benefits for the city of Chattanooga. Chattanooga, in my opinion, is the best town in America, and this stadium could be a fantastic opportunity for us.
However, if the project is as beneficial for the city as claimed, why is there a need for government involvement at all? Shouldn’t developers, investors and bankers be lined up ready to participate and profit from it? If taxpayer funds are used, will the public receive perks like free tickets or parking? If not, why not?
Taxpayers are already facing costs related to infrastructure and road improvements. I firmly believe that the developers should bear these expenses entirely. If the project is not viable or profitable without taxpayer support, perhaps it’s not a project that should be done.
Finally, while the promise of job creation and increased tax revenue is often cited to why taxpayer investments are required for major projects, so why aren’t my property taxes going down?