Problem: The Dallas Cowboys play in the largest professional football stadium in the U.S. The stadium cost about $1 billion to build. To help the Cowboys finance the stadium, Texas voters approved a 2% hotel occupancy tax and a 5% rental car tax, with the tax proceeds being used to offset a portion of the construction costs. Proponents of these taxes claim they will be paid by out-of-towners, not local residents. Hence they are relatively popular means of financing sports stadiums. In fact, Cornerica Park was financed using similar taxes. Use the concept of elasticity and tax incidence to argue that this logic is incorrect. That is, why might owners of hotels and rental car agencies (who are likely to be Texans) be opposed to these new taxes?