Submitted by Guest3145 (not verified) on Wed, 04/11/2012 - 8:49pm.
What the stadium has done for Scranton?
Turned it into a glittering city on a hill?
Oh, wait. We're talking about Scranton. Given "The Office" one more plot?
All of these stadiums lose money. Apparently everyone's the exception when you ask them, but look in the books. Even the Durham stadium loses $1M+/year.
I can't believe this is a debate anymore. Read these sites for info on publicly-funded stadiums.
What the stadium has done
What the stadium has done for Scranton?
Turned it into a glittering city on a hill?
Oh, wait. We're talking about Scranton. Given "The Office" one more plot?
All of these stadiums lose money. Apparently everyone's the exception when you ask them, but look in the books. Even the Durham stadium loses $1M+/year.
I can't believe this is a debate anymore. Read these sites for info on publicly-funded stadiums.
http://www.fieldofschemes.com/news/resources.html
http://www.stadiummouse.com/stadium/economic.html
http://college.holycross.edu/RePEc/spe/CoatesHumphreys_LitReview.pdf
http://www.akdart.com/sports.html
http://www.lessgov.org/html/stadium-money.html
http://www.ocpathink.org/economics/PublicSubsidiesforSports.html
http://www.heritage.org/library/backgrounder/bg1223.html
http://www.heartland.org/studies/sports/sports-studies.htm
http://reason.com/archives/2005/05/01/demolishing-sports-welfare/1
http://www.cato.org/pubs/briefs/bp89.pdf
http://www.law.northwestern.edu/searlecenter/papers/haddock_jacobi_sagan...
Read any of those (God forbid) and you'll see that this thing is virtually a surefire loser.