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    BCP’s vision is that free-market municipal policy solutions are broadly available, widely acceptable, and regularly employed, enabling American cities to achieve their full potential as engines of economic prosperity. We reject the idea that cities are lost to free-market principles or policies.
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    Las Vegas NV 89107

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Home Economic Prosperity

Private money is paying for stadiums. Cities should let it.

The Denver Broncos and Washington Commanders show there’s life after subsidies

Patrick TuoheybyPatrick Tuohey
October 22, 2025
in Economic Prosperity
Reading Time: 1 min read
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Private money is paying for stadiums. Cities should let it.
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When the Denver Broncos announced a $100 million renovation to Empower Field in 2023, they did something rare in American pro sports: they didn’t ask taxpayers to help pay for it. Now, the new owners of the Washington Commanders are pledging the same approach for a future stadium—citing Denver’s model as proof that teams can, and should, pay their own way.

This shift marks a quiet break from decades of precedent, where local governments have issued billions in bonds and diverted tax revenues to finance new sports venues. It also reflects a new political reality: after years of skeptical research and mounting public pushback, subsidizing billionaires is no longer a safe vote.

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According to Smart Cities Dive reporter Vicky Uhland, the Commanders’ current home in Maryland involved nearly $300 million in taxpayer investment. Their owners now say they’re not looking for “a lot of public money” and have held talks with the District of Columbia and Virginia about private-financing options.

The Broncos’ approach—using capital reserves and an ownership cash call—offers a concrete template. It suggests that franchises with loyal fan bases and media rights can fund upgrades or new construction without public subsidies. That should be welcome news to cities still paying off debt for stadiums built decades ago.

For local leaders, the lesson is simple: if the Broncos and Commanders can finance their own facilities, other teams can too. No city needs to give away tax dollars to host a sports team.

Tags: Economic DevelopmentSports Subsidies
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New Resource: Local Policies to Expand Economic Opportunity

Patrick Tuohey

Patrick Tuohey

Patrick Tuohey is co-founder and policy director of the Better Cities Project. He works with taxpayers, media, and policymakers to foster understanding of the consequences — sometimes unintended — of policies such as economic development, taxation, education, and transportation. He also serves as a senior fellow at Missouri's Show-Me Institute and a visiting fellow at the Virginia-based Yorktown Foundation for Public Policy.

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