70% of the stadium will be publically funded.
Socialism, but only for the mega wealthy
MAGATs doing what they do best: corruption.
Hey, great public-private cooperation /s
I hope it works out and is a net positive, but I won’t hold my breath.
Decent read on this phenomenon, it’s pretty common. https://boondoggle.substack.com/p/sports-tourism-cant-save-you
It’s not that the net impact of these sort of events is zero (which is what some critics allege folks like me think) or that some individual businesses don’t benefit from them: It’s that boosters blow their actual impact all out of proportion in order to extract public subsidies, and politicians use those bloated, false numbers to claim they’re helping the local economy when they’re really not.
$3 billion for a game is just silly. Let me know when it’s a school, hospital, lab, etc.
John Oliver also has an episode about subsidized stadiums: https://youtu.be/xcwJt4bcnXs?



