Congress finds the following:
(1)
Many sports venues receive significant public investments through direct grants, State and local tax credits, economic development incentives, and tax-exempt bonds.
(2)
In 2025, the cost of concessions at major sporting events and concerts are unaffordable for the average American family.
(3)
At Madison Square Garden, the average price of a beer is $16, more than twice the average in New York City, making it the third most expensive among NBA arenas.
(4)
At Highmark Stadium, home of the Buffalo Bills, beer costs $10 on average, which is double the price fans would pay at a nearby bar across the street.
(5)
Fans across music concerts and professional sports, including the National Basketball Association, National Football League, National Hockey League, and Major League Baseball, face exorbitant concession prices in addition to already high-ticket costs.
(6)
Street pricing, a model that aligns concession pricing inside a venue with prices for comparable items in surrounding communities, has been adopted by certain venues to make concessions more affordable, producing benefits for both businesses and consumers.
(7)
Fans and travelers attending events at venues supported by their tax dollars deserve clear, transparent, and fair pricing of food and beverage concessions.