https://robertreich.substack.com/p/the-stadium-sham
"Friends,
With tomorrow’s Super Bowl claiming our attention, it seemed appropriate to
point out how billionaires have been siphoning off our tax dollars with sports
stadiums. And if we don’t play ball, they’ll take our favorite teams away.
Ever notice how there never seems to be enough money to build public
infrastructure like mass transit lines and better schools? And yet, when a
multibillion-dollar sports team demands a new stadium, our local governments
are happy to oblige.
A good example of this billionaire boondoggle is the host of tomorrow’s Super
Bowl: State Farm Stadium.
That’s where the Arizona Cardinals have played since 2006. It was finally built
after billionaire team owner Michael Bidwill and his family spent years hinting
that they would move the Cards out of Arizona if the team didn't get a new
stadium. Their blitz eventually worked, with Arizona taxpayers and the city of
Glendale paying over two-thirds of the $455 million construction tab.
State Farm Stadium is not unique. It’s part of a well-established playbook.
Here’s how stadiums stick the public with the bill."
Via Kevin O'Brien.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
