You're watching...

Critics slam use of tax dollars to fund college stadiums

Details

  • Description

    Dan Springer reports from Seattle

  • Duration 2:14
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

Controversial and -- that now to -- a college football stadium sparking concerns about the kind of projects that are used at.

Well that -- used with your tax dollars Dan Springer is live in Seattle how are taxpayers getting.

Tackled every time this college stadium gets a -- there.

Well bill all federal taxpayers are helping to build new stadiums and renovate old ones the tune of hundreds of millions of dollars loss of the treasury.

Every year thanks to tax breaks for donors your -- works and will use the 250 million dollar renovation of husky stadium here at the University of Washington.

As an example.

Rich alarms make big donations to the athletic department.

And in exchange they get preferred seating of course and club access but they also get to write off their gift as a charitable donation.

And that takes money -- US treasury in this one project it's a 154 million dollars over thirty years.

-- it would -- here makes no apologies.

One person's -- -- -- another person's give away another person's giveaways and other persons sharing.

-- compared to giving charity -- -- to people who donate to the arts only hear the entertainment.

As a football game built is there -- an effort or any effort in congress to to scrutinize the tax breaks here.

Well not a serious one the Senate Finance Committee promised hearings on reforming the tax code but -- passing.

-- -- seeing what donations universities are truly charity and what's not.

Is not on the radio radar even though the amount of money we're talking about is growing -- sort of an arms race among college football programs accelerates colleges -- spent.

You know nearly seventeen billion dollars on stadium upgrades over the last decade and remember these so called charities are collecting huge money from TV contracts.

And paying coaches millions of dollars.

Everything needs to be looked at right now in terms of where we losing that that should include charitable donations and what -- they really going for.

-- write -- cost the treasury more than 36 billion dollars and 201110%.

Of that was giving to universities built around him thank you Dan Springer more than just football on this on the line here thank you from Seattle today for a 27.