Frank E
Active member
Nik the Trik said:Frank E said:I'm no fan of publicly funded stadiums, at all really, but come on, they'd waste that money somewhere else. And it's really not that much money spent on these things, relative to revenues.
What revenues? The revenues the teams make? Because economist after economist has said that the supposed "revenues" generated for cities don't justify the money cities put into them, that basically any other civic investment yields better returns.
Other than that, if cities didn't hand out millions to billionaires for stadiums those millions could be better spent. That they always aren't isn't really a counterpoint there because both of those things are symptoms of the same fundamental problem.
No, I meant government tax revenues...nothing to do with stadium revenues.
What I was showing in the link was that there are many egregious wastes of money, among them owning/financing/subsidizing stadiums. But that the money would instead end up treating people in hospitals is a silly statement.