March 25, 2004
Study: Stadiums can (almost) pay their own way
Here's the kind of spin you don't see every day: University of Dayton economists Marc Poitras and Larry Hadley have released a study claiming that privately funded baseball stadiums would (in the words CBS Sportsline) generate enough revenues to pay "all or nearly all the cost of construction" within 12 years. Leaving aside some methodological issues - for one thing, the study assumes a $268 million stadium cost, which is extraordinarily low - the question remains why anyone would want to invest hundreds of millions of dollars of their own money just to almost break even.
Posted by Neil deMause
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A better question is why the hell should taxpayers be forced to pay for something like that?
Posted by Justin DelPrince on July 29, 2005 12:23 PM
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