Tuesday, November 6, 2007

reversing robin hood: millions of taxpayer dollars for billionaires

Subsidies to build arenas for pro sports franchises are among the most egregious uses of taxpayer dollars-- taking money from average taxpayers to support entertainment enjoyed largely by the middle and upper classes, produced by millionaire ballplayers, and operated by billionaire owners.

From Mark Bergin at World...

Such public subsidies are not new; taxpayers began funding sports stadiums in the 1920s. But the frequency with which owners now demand new buildings and the resistance to playing in multipurpose facilities have increased dramatically in recent years. According to data from Rutgers professor and sports-stadium researcher Judith Grant Long, 72 professional baseball, football, basketball, and hockey stadiums went up between 1990 and 2005, a number roughly equal to the 73 facilities built over the previous five decades. What's more, only one multipurpose building went up between 2000 and 2005 compared to 13 such facilities in the 10 years before.

And a table, entitled "Ballpark figures", with a snapshot of a few of the subsidies...


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