Billions Of Taxpayer Dollars Are Funding Privately-Run Sports Stadiums

In "In The Loop: Scoreboard," Christian Bryant looks into the common, yet confusing, practice of taxpayer-funded sports venues.

Sports stadiums and arenas can cost hundreds of millions, even over a billion, dollars. Then, they stand to make teams and their owners a lot of money.

Yet, many of those sports venues are paid for with taxpayer money: public subsidy for a private enterprise. It's a story on how billions of American tax dollars are being spent on buildings that sit empty most of the year and that you might not even be able to afford to enter.

Sports owners around the country have pushed for public subsidies for their team’s stadiums and arenas, arguing they provide a significant boost to the local economy.