this post was submitted on 07 Jun 2023
17 points (100.0% liked)
Formula 1
5563 readers
1 users here now
c/formula1
Welcome to c/formula1.
Rules
Please keep discussions civil, respect other's opinions, and keep it friendly. Please read our rules before posting in our community.
Rules TLDR
- No spoilers in post titles please. Use of spoiler tags is considered a courtesy for now.
- No piracy discussion.
- Keep it on topic.
- No memes.
Resources
These sites are a good place to start finding out about Formula 1, aside from right here of course!
Formula1.com - the official Formula 1 website.
Formula 1 Youtube - the official F1 youtube channel.
Liquipedia Overview - what's happening now and next in a nice dashboard.
F1Calendar.com - never miss a session again!
F1Countdown.com - for those of you who like countdowns!
Sister Communities
!Motorsports - for the love of racing outside of Formula 1.
[email protected] - because you love memes.
[email protected] - let's race!
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
My understanding is that this kind of thing is very common in the US as it provides incentives for their sports franchises to remain in the city instead of moving elsewhere. Unlike in Europe (the UK at least) where teams tend to fund their own stuff as it's essentially verboten to move towns (MK Dons is still disliked for that and it required an entire comission to figure out if you were actually allowed to do that)
I wouldn’t call it very common. It is true that communities have paid for stadiums, etc… in the past to secure teams but I think that is an increasingly unpopular practice as it is seen as subsidizing the wealthy through tax payer funds.
This is the same to me, rich people insisting the working class pay for something that they don’t need, want or will even be able to enjoy themselves