subsidized by the municipality

This should never happen and they should have never existed if that was the only way they would have been built.

I don't care how wrong my country believes I am, municipal/state/federal aid/tax advantages should never go to any for private profit enterprise, ever, let alone multi billion dollar sport franchises, whats next, subsidizing big oil companies? Lol yeah, this is a dark fucking time-line.

If the city/county/state can afford such things, help people from the bottom up. House the homeless. Fix your shit schools instead of selling them out to the charter school scam. Oh and "it will foster revenue so it's a good deal!" Is always a lie because it's never certain yet is always portrayed as such, it doesn't always work out, and it creates massive failures when the house of cards eventually fall and those dependant on that state sponsored lie also fail as you said.

Cities/counties/states shouldn't be gambling with their citizens money to potentially, tangentially benefit them while further enriching those with too much directly as a sure thing. But of course the rigged market capitalism true believer officials get bribed either way in some of form or another, so it won't stop till the track (society) collapses from its profound, private profit driven neglect.