Friday roundup: Billionaires all over get cash for their stadiums and arenas and car plants and movie shoots (I got a rock)

Happy Friday! Ready for a heaping helping of news about America’s elected officials and business leaders working together to ensure smart investments of public dollars that will build a better tomorrow? If so, I am sorry to inform you that you have accidentally clicked on the wrong website, but if you stick around you may be rewarded with some grim laughs, or at least some links to old comic strips.

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13 comments on “Friday roundup: Billionaires all over get cash for their stadiums and arenas and car plants and movie shoots (I got a rock)

  1. That Arlington Heights rendering bears no resemblance to sports infrastructure at all. It looks like the grand basin at the St. Louis Zoo.

    1. I dunno. I’ve been to many marlins games over the years. This crowd looks bigger and more enthusiastic. :)

  2. Thanks for the updates Neil, enjoyed it even though I was expecting smart investments from business and elected pols (I’ve been reading this wrong site and your book for years!!!)

    Quick thought (with maybe long answer/discussion) is there maybe a distinction to be made between a billion dollars for a baseball stadium and a semiconductor factory in the sense of onshoring the latter for better supply chain protection? For example protection from Chinese invasion of Tawain or if we need to ramp up Guided munitions production for a war, or even merely if there is an earthquake or natural disaster or ship getting stuck in the Nile that blocks or hinders trade we can keep making cars.

    1. Semiconductor factories have a pretty long and sad history of corporate subsidies in this country, collecting tons of money and not providing much in the way of jobs. Say what you will about the Buffalo Bills, at least they’re not likely to pick up and move to Mexico (or shut down entirely) if the labor market changes or there’s a recession or whatever.

      Shorter answer: If you’re going to throw a billion dollars down a hole, choosing a hole with a silver lining on it isn’t much to write home about.

    2. There’s always the foxconn story to read up on…the summary on Wikipedia is pretty good. But there are many other stories on the inter webs.

      Wisconsin worked with a Taiwanese company which planned to make electronics (displays) in a huuuge factory.

      Promise of lots of jobs. Huge investment. And it failed spectacularly.

      https://en.m.wikipedia.org/wiki/Foxconn_in_Wisconsin

  3. Yes, because you know in your heart that the Koch brothers just want what’s best for us (cough, cough)…..

    1. Yeah, I’m confused why the Koch brother have any interest in the Bears/Arlington situation, other than regular libertarian claptrap. My guess, Arlington Park is sitting atop a huge coal and natural gas field. Well 300 acres of coal.

      1. Probably some combination of claptrap and trying to misdirect people from all the subsidies they themselves collect:

        https://inthesetimes.com/article/koch-brothers-corporate-welfare

        (Side note to all commenters: David Koch died in 2019, so it’s only Charles who has any active interest in anything.)

        1. And of course they cut the third brother out years ago so he had to take his one billion and go home…..

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