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03-24-2013, 04:55 PM
  #64
Riverside Habs Fan
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Quote:
Originally Posted by gelu88 View Post
That't the theory, but the problem is that in reality, after you go back and do an economic analysis after the fact, nearly every instance of public sports financing is pure corporate welfare and does nothing to help the economy. The idea is simply false.

This recent CBC report summarizes the research well: http://www.cbc.ca/news/canada/story/...iums-cost.html

For a more acedemic overview see this: http://www.ualberta.ca/~bhumphre/papers/pfm2003.pdf

Abstract:
Great post.

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