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Speaking about baseball...

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.
http://www.bloomberg.com/news/2012-09-05/in-stadium-building-spree-u-s-t...

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