Showing posts with category "stadium subsidies"

Cowboys Stadium Financing

This story from the Dallas Morning News has some good details on the public/private contributions to paying off the bonds which support the $1.2 billion

April 4, 2022
tags
public funding

Canadian Style Stadium Financing

Phil Miller mentioned in passing the new $400 million arena proposal floating around Quebec City these days.  Never mind that building a new arena without a

February 16, 2022
tags
canada

The Hidden, Unexpected Public Costs of a Stadium

The state of Minnesota has found that it's expected revenue stream from new e-gambling games will not be sufficient to fund a new Vikings stadium.   The

February 16, 2022
tags
stadium subsidies

"Trade the Saints to Minneapolis for the Timberwolves"

John Spry, an economist with St. Thomas University in the Twin Cities, has written an opinion piece that appeared in the St. Paul Pioneer Press.  In it, he

February 16, 2022
tags
sports and the economy

Kudos to Art Rolnick

Noted for the record:

February 16, 2022
tags
economic development

Oriole Park - success story for whom?

There are two stories related to Oriole Park at Camden Yards in the Baltimore press. A common thread in the stories is the lease the Orioles signed with the

February 16, 2022
tags
marketing

Teams Leave Before the Debt Does

The Red Sox want spiffier spring training digs in Fort Myers, Florida, and the locals of Lee County will oblige.  After "kicking the tires" of one or two

February 16, 2022
tags
public funding

"As Stadiums Vanish, Their Debt Lives On"

Ken Belson digs into the financial legacy of the Meadowlands Sports Complex in today's New York Times.  In short, it's a money loser, with $266 million in

February 16, 2022
tags
stadium subsidies

Sports Palaces and Municipal Debt

Sports facilities play a prominent role in Steven Malanga's article in today's WSJ, "America's Municipal Debt Racket."  Neither Malanga nor I make the claim

February 16, 2022
tags
stadium subsidies

Monopsony, Legislators, and Subsidies

Competition is a good thing, right? So why not allow the various communities within your state to compete with one another to attract a big business?

February 16, 2022
tags
stadium subsidies

Stadium Issue in Santa Clara

The San Francisco 49ers and the Santa Clara City Council have negotiated a deal whereby the NFL franchise will get a new $937 million stadium with seating for

February 16, 2022
tags
stadium subsidies

Baseball Players vs. Bankers

Today in his blog, Paul Krugman blasts President Obama for comparing banking executive pay to baseball players' earnings. In a recent interview Obama stated,

February 16, 2022
tags
stadium subsidies