by Ike Brannon
September 20, 2013
A pattern of municipal financing for sports franchises has repeated itself: teams that want a new or remodeled stadium turn to the government first and offer to cover some modest portion of the total bill by charging season ticket holders a relative pittance to hold onto their seats. Despite the occasional pushback from a legislature or city council, it has been a successful formula. What would it take to change the environment so that government money was no longer available for a National Football League stadium? Could an alternative form of financing in the form of personal seat licenses (PSL) convince Redskins owner Dan Snyder to start a revolution in how stadiums are funded?