@ethanzoe.bsky.social
Reposted
"authors found that the promised tangible economic benefits—economic growth, income growth, wage growth, employment growth, and higher tax revenues—do not occur the way that sports teams claim. Often, the only economic benefits occur near the stadium—and fall far short of expectations"
Taxpayers Shoulder a Heavy Burden for Sports Stadium Subsidies
Sports stadium subsidies are salient political gimmicks designed to appear as if politicians are providing tangible benefits to taxpayers. The empirical evidence shows repeatedly that stadium subsidie...
taxfoundation.org
April 19, 2025 at 2:08 PM
"authors found that the promised tangible economic benefits—economic growth, income growth, wage growth, employment growth, and higher tax revenues—do not occur the way that sports teams claim. Often, the only economic benefits occur near the stadium—and fall far short of expectations"