Phoenix LXVI: Get Your Kicks On Thread LXVI
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12-12-2012, 05:04 PM
Join Date: Feb 2012
Originally Posted by
Not entirely OT and very appropriate for citizens of Glendale, Arizona:
Interesting article on public funding and tax breaks for stadiums from Patrick Hruby at Sports on Earth. Basically sports stadium construction has no impact on the economy of a local area, and can actually decrease the average incomes in your town. Buyer beware. Most, if not all, public investment in stadiums in recent years has been a disaster.
I'm sure we could commission TL Hocking to refute the claims made in this article, right Glendale?
We have this argument at least once on each Coyotes thread. Cities want teams for quality of life and to validate their status as a big league city. Cinci had a clear choice when they built the stadium cited in the article: Build it or the team moves to Cleveland and becomes the Cleveland Browns. That would have been an emotional blow to the city. No one is saying that Proctor and Gamble would have left with them but still.
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