Dec 8, 2014
Washington, D.C. plans to spend well more than 180 million dollars to subsidize a new stadium for the D.C. United soccer team.
Every detail of this scheme is a rip-off. The city will borrow 62 million dollars to buy the land for the stadium – and then “rent” that land to the team for one dollar a year. The team will build the stadium, but the city will pay 134 million dollars of the construction costs. And the city will give D.C. United's owners 43 million dollars in tax cuts.
That’s money that could be used to keep the population educated and housed. But instead, it’s a gift to the rich!