Mmastodon ScienceScience first seen 5 h ago, last 5 h ago, peak #1
Cities keep pouring taxpayer money into sports stadiums despite poor economics
Original: Cities keep subsidising sports stadiums with taxpayer money despite the economics almost never making sense for the publ
US cities continue to spend hundreds of millions of dollars in public funds on new sports stadiums, even though economic research consistently shows such subsidies rarely pay off for taxpayers. Analyses find promised jobs, development and revenue gains largely fail to materialise, with benefits flowing mainly to wealthy team owners. Economists and commentators are questioning why officials keep approving these deals despite the evidence.
Why now: Ongoing stadium subsidy debates and new public funding proposals keep reigniting criticism of the economics.
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Evidence
- Cities keep subsidising sports stadiums with taxpayer money despite the economics almost never making sense for the public https:// phys.org/news/2026-09-cities-s helling-taxpayer-money-sports.html # science # economics # sports · fedifind@flipboard.social · 3
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