About Stadium Subsidies and Third Parties (LIVE in Austin)
We're Not Wrong
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The Tax Reform Act of 1986 and the Tax Base
The Tax Reform Act of 1986 actually feeds into your whole government created this problem. The government was trying to, or Congress anyway, was trying to limit private profit on tax exempt bonds. And so their solution was is they told these teams that they would put a 10% cap on direct stadium revenue.
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