Scholarly economic reviews of publicly subsidized stadiums are almost unanimous that they do not promote employment or per capita growth. Yes, you’ll find news articles to the contrary, but youll be hard pressed to find a published article in a reputable economic journal based on empirical evidence stating using public funds for a stadium actually helps the community economically. Do we get bread crumbs in a couple of sandwich shops and better transport to the stadium? Sure, but that’s hardly worth the public funds IMHO.
Side note I love formula 1 but I’d throw a shitfit if my state, county or city wanted to use public fund for a track.
Scholarly economic reviews of publicly subsidized stadiums are almost unanimous that they do not promote employment or per capita growth. Yes, you’ll find news articles to the contrary, but youll be hard pressed to find a published article in a reputable economic journal based on empirical evidence stating using public funds for a stadium actually helps the community economically. Do we get bread crumbs in a couple of sandwich shops and better transport to the stadium? Sure, but that’s hardly worth the public funds IMHO.
Side note I love formula 1 but I’d throw a shitfit if my state, county or city wanted to use public fund for a track.
Same could be said for building a park. How much money does a park bring in for a city?
Therefore cities spending money on parks is a waste of money. Cities shouldn’t build anymore parks.