(July 28, 2014 at 11:42 pm)GalacticBusDriver Wrote: I think the stadium issue can go either way. Some are built only to suit a particular team and that team is the only one that benefits. Some are built to and do benefit the municipality they're built in.The premise that the general public should not service debt via taxes to support a private enterprise doesn't seem any more attractive if we add additional private enterprises to the venture. Let the owners pool resources without burdening the taxpayer.
Also, the municipal economic benefit from stadiums is a myth.
Quote:The evidence suggests that attracting a professional sports franchise to a city and building that franchise a new stadium or arena will have no effect on the growth rate of real per capita income and may reduce the level of real per capita income in that city.http://www.academia.edu/378302/The_Stadi...evelopment
