[next media]

Generally speaking, the opposite from this headline is the truth...

[jonrick46]

Also, the unions lose.

[DustyMoment]

One of the most fascinating scams going is professional sports teams. When GE wants a new factory or headquarters building, they pay for it themselves. The same for BofA or Lockheed Martin or John Doe’s Hot Dog City!!

But, when a pro sports team wants a new building to go to work in, not only do taxpayers end up paying for it (1), they also have to pay (2) to get in and WATCH the pro team go to work in the facility they purchased for them and, if the new work site needs maintenance or modifications, the taxpayers are on the hook for that as well (3)!!!

Meantime, the team owners (typically multi-millionaires) sit back and count their millions as do the players on the team because, God forBID that these people actually pony up for their own work place!!

What a scam!!

[BfloGuy]

“Despite the beliefs of local officials and their hired consultants about the economic benefits of publicly subsidized stadium construction, the consensus of academic economists has been that such policies do not raise incomes.

Had this discussion a couple weeks ago here. Lots of people still believe that publicly-funded stadiums generate economic growth. Stadium construction puts union labor to work for a couple years and then creates a bunch of minimum-wage concession jobs.

Stadiums also provide a place for people to transfer their money to team-owners. Nothing wrong with that -- it's entertainment and we all crave some from time to time.

But I think many confuse economic activity with economic growth.