There was a great article about public spending on stadiums in Bloomberg today:
In Stadium Building Spree, U.S. Taxpayers Lose $4 Billion
During the past decade, studies by Grant Long; Robert Baade of Lake Forest College near Chicago; Victor Matheson, an economist at College of the Holy Cross in Worcester, Massachusetts; and others have found that stadiums are poor municipal investments. Nonetheless, political leaders are still willing to offer taxpayer-funded aid to team owners -- including muni-bond financing -- to lure or avoid losing a franchise and the civic pride and event-related jobs that go with it.
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