You know how the New York Times now offers The Week in Good News, to remind you that not absolutely everything is awful? This is not that, not at all, though it does include a nice oblique shoutout to this site:
- I think at this point just about every reader out there has emailed or tweeted me about this Washington Post article on development around the new Nationals stadium, variously headed “Ballpark Boomtown” or “The promise: Nationals Park would transform the city. Did it?” or “Nationals Park brings growth, worries to Southeast Washington.” The hook is that construction is booming around the new stadium — one former local opponent is even quoted as saying “Nats Park has been a tremendous boon to the region and the city and even to our neighborhood” — so doesn’t this disprove the idea that sports venues don’t create economic growth? The short answer: It’s hard to say from the anecdotal stories in this article, as it could be that the stadium sparked development that otherwise wouldn’t have happened, or it could be that it redirected development that otherwise would have taken place elsewhere in crane-happy D.C. (a point made in the article by economist Dennis Coates, who says, “This is not income growth; it’s redistribution”), or it could be that the Navy Yard would have gotten developed with or without the stadium. I’ve been poring over the big lists of logical fallacies and cognitive biases and haven’t yet found one that exactly describes the tendency to only look at what did happen thanks to a decision and not what would have happened without it; if this doesn’t have a name yet, the Stadium Catalyst Fallacy has a nice ring to it.
- The city of Louisville and the state of Kentucky are projected to end up spending more than $1 billion in up-front costs and interest payments on the University of Louisville’s KFC Yum! Center, and while that’s not the best way to determine public costs — really you want to translate future payments into present value, and include not just arena debt service but operating costs and what have you as well, a calculation that this Louisville Courier-Journal article doesn’t attempt — holy crap, one billion dollars is still an acceptable response. (Sports marketer Jim Host, who helped devise the arena plan, has his own response — “If you allowed yourself to be deterred by the negative aspects, nothing would ever get done” — which probably belongs somewhere on that logical fallacy list as well.)
- Andrew Barroway, who bought half of the Arizona Coyotes in 2015 for $152.5 million and the other half in 2017 for $120 million, and who has complained that his team “cannot survive” without a new arena because of annual losses that are “not sustainable,” now wants to sell half the team for $250 million. Just think on that one for a while.
- MLB commissioner Rob Manfred thinks Tampa Bay Rays owner Stuart Sternberg will get a new stadium built, despite not having any idea how to pay for one, thanks to his “creative ability and persuasive ability in terms of getting something done,” while Tampa Bay Times columnist Ernest Hooper says “with ingenuity, solutions can be found” — like how about building school offices into a stadium and selling off school administrative buildings, huh, didja think of that one, smartypants? “There always will be naysayers who dismiss every idea and every project with cynicism,” writes Hooper — hey, it’s the Jim Host Fallacy!
- Another Tampa Bay Times columnist, Daniel Ruth, had a far more acerbic take on the Rays’ stadium plans, boggling at the $892 million price tag for what would be MLB’s smallest stadium at a time when “public transportation is barely above the level of rickshaws.” Then he closed with the suggestion that Tampa could build “a museum dedicated to the history of architectural renderings of all the stuff that’s never happened,” called “the Field of Schemes Institute of Higher Chutzpah.” Which is a lovely thought and much appreciated, but shouldn’t it really be the Field of Schemes Center for the Study of Vaportecture?
- Finally, huge thanks to everyone who kicked in toward the summer FoS Supporter drive — your generosity toward a site that delivers a daily dose of reminders of the world’s injustice remains a wonder to me. In appreciation, here is a video of my own cat leaping headlong into a seltzer box. Don’t ever say I don’t provide any good news here: