So Texas Stadium was owned by the city of Irving, which meant that they didn't have to pay any property taxes on it. Sales taxes from food sales, alcohol sales in the stadium were rebated. Ticket taxes were rebated. The only thing really that the city got from it was $1.5 million a year in a lease. That $1.5 million is put into a Texas stadium fund to pay for the maintenance of that stadium. And when the owner decided to move to a different city, that was scrubbed. (00:48–00:54)
CLAIM
Asserts that the city of Irving received $1.5 million annually from leasing Texas Stadium.
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