The reason.............funding
Posted on: September 19, 2019 at 10:19:47 CT
jumbo73 MU
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College football stadiums are built almost exclusively with donations and tax exempt bond financing. Professional stadiums, while sometimes using local tax incentives, are dependent to a large degree on capital markets and bank interest rates. If Colleges had to use the same funding structures that non-institutional entities do, they would not be built/remodeled as they are now.