ENDNOTE: Falcons Owner Arthur Blank Collects All the Super Bowl LIII Revenue

2019-Feb-16

https://fee.org/articles/arthur-blanks-sweetheart-deal-taxpayers-own-mercedes-benz-stadium-but-he-keeps-the-revenue/

Falcons Owner Arthur Blank Will Collect All the Super Bowl LIII Revenue—Even Though Taxpayers Own the Stadium
The costs of maintaining and upgrading the stadium would be taxpayer-funded in perpetuity.
Saturday, February 02, 2019
Laura Williams

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On Sunday, the eyes of the nation will fall on Atlanta’s brand-new Mercedes-Benz Stadium, site of the 53rd Superbowl. As players and spectators pour into the city, they’ll be dazzled by a state-of-the-art retractable roof and an enormous, wrap-around digital screen. What will be less apparent to thousands of spectators and millions of television viewers is a different kind of innovation—a carefully concealed legal clause that will privatize future profits of the publicly-funded stadium.

*** end quote ***

Crony Capitalism at its best!

It’s the old shell game of “privatize profits — socialize costs or losses”.

When will the sheeple, aka Clovers,  aka Taxpayers, realize the scam?

There ought to be a law to prevent ANY “public – private partnerships” for any reason!

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