The recent death of Eric Garner after an incident with New York police has recently made headlines and sparked controversy about excessive force and police practices. Sources report that police and prosecutors are...
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- Stadium Subsidies a Losing Deal for Taxpayers
Stadium Subsidies a Losing Deal for Taxpayers
One of our talented summer analysts—Eric A. Miller of the University of Rochester landed a piece in Sunday's Washington Post laying out the case against a taxpayer-funded stadium in our nation's capital. Here's an excerpt:
In its quest to bring professional baseball back to Washington, the D.C. Council agreed to build a new stadium for the Washington Nationals that is to be largely financed by taxpayer dollars. This is a sweetheart deal that will allow Major League Baseball to sell the team at a price that virtually guarantees it a profit while likely creating a burden for D.C. taxpayers...
Economists seldom agree, but the many studies done over the past decade all arrived at the same conclusion: Publicly funded stadiums do not deliver the benefits they promise...
The D.C. Council estimates that a new stadium will create 380 direct and indirect jobs for D.C. residents, but most of these jobs will be day-of-game positions for food vendors, parking lot attendants and other unskilled workers.
Local taxpayers will be forking over more than $1 million a job for such part-time, low-wage positions that won't even pay enough to support a family.
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