by Bob Walsh
In 1995 the Oakland Raiders returned to Alameda County, lured in part by a $200 million bribe by the City of Oakland and Alameda County. The total cost of this bribe, including interest, is about $350 million. The taxpayers will be paying this off until 2025, long after the Raiders have moved to Las Vegas.
Taxpayer funding of stadium for billionaire sports teams owners can turn out to be a very bad deal for taxpayers. For a long, long time.
EDITOR'S NOTE: There ought to be some way the City of Oakland could sue the Raiders and the NFL for the remaining payments of the bribe.
1 comment:
I love going to a game and paying $8 for a beer. Said no one ever.
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