thales said:
boykin_spaniel said:
Ridiculous. No economist, unless hired by a team/school, has said these expensive stadium projects make sense.
agreed
the argument is always put out there (by those that will profit from it of course) that these stadium projects bring jobs and income to the city but that is just plain old bull poop
there is not one publicly funded pro stadium that has turned a profit for the city or its citizens
Perhaps you should look to see how the Arlington stadiums have turned out.
First, the Ballpark at Arlington, now called Choctaw Stadium, was built with Arlington bonds and the bonds were paid off early through sales tax dollars that not only Arlington voters paid but also visitors who spent dollars here.
Second, ATT stadium was built with Arlington bonds yet its the additional tax on tickets that is reducing the bond debt and not citizen taxes.
Third, the baseball venue that looks like a county livestock barn was built with Arlington bonds and it too will be paid off by the additional tax on tickets.
The economic benefit to Arlington is significant and is the driving force behind the private investments made in the entertainment and the resurgence to old neighborhoods around them.
I beg to differ with you about the benefit to a city's populace.
Joined BaylorFans in 1999 under username jumpinjoe. Have always been Jumpinjoe. Proud 4 Year Baylor letterman and 1968 graduate and charter member of Quartermiler U, produced school record in 400 IH.
