Cities often give massive amounts of public money to privately-owned stadiums – without getting anything in return!
A major review of almost 20 years of studies, show that economists can find no substantial evidence that stadiums increase jobs, incomes, or tax revenues. Or to put that another way…
“This one economist said, ‘Rather than spend a billion dollars on a stadium, you’re actually better off flying a plane in over a city and dumping a billion dollars on the populace and just letting them pick up the money and spend it.”
— Last Week Tonight
Do not miss John Oliver’s stirring locker room pep talk (with inspirational background music). He delivers it to the residents of great cities that provide homes to filthy rich sports teams.