Potential Violation of Antitrust Law

A primary face of the application of eminent sports stadium and revenue-exempt bond financial support of professional sports stadiums comes from Jerry Jones', owner of the Dallas Cowboys, recent efforts to worldly finance a new stadium. Jones cannot example the three reasons primarily utilize by franchise owners to win support for public financing. He cannot stay fresh the squad needs a state-of-the-art facility to compete, since Texas area has more luxury stadiums than any National Football conference stadium and the Cowboys won 3 Super Bowls in the 1990s (McGraw, 2005). He cannot maintain he or the team is financially strapped, since his franchise ranks sixth in the NFL in shekels and second in revenue (McGraw, 2005). He also cannot use what is often the best reason, a threat to

move the team elsewhere, since the Cowboys have strong local fan support and are a "powerhouse orbicular brand name" (McGraw, 2005, p. 32).

However, by citing the new stadium testament represent an economic boon to the region, Jones is able to germinate situation cheaply under current legislation. McGraw (2005, p.

33) argues "Sports owners have long used eminent domain as a way to acquire property cheaply." Proposed legislation on the national level and in many states is trying to remove the "economic development" article from eminent domain law. However, owners typically get around the public use requirement by making the stadium in the ownership of a "public sports authority" (McGraw, 2005, p. 33). This makes the property tax exempt, and teams often pay a nominal rent that is little than they would normally owe in property taxes.

Current proposed federal legislation on eminent domain. (2005). Viewed on Oct 6, 2005: http://66.102.7.104/ hunt club?q=cache:rbMx8VUmHikJ:www.castlecoalition.org/legislation/federal/index.asp+federal+eminent+domain+legislation&hl=en, 1-6.
Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!