Sep 8, 2010, 10:00 AM EST
I’ve been on the “public financing for ballparks = bad” train for years, but apparently it’s just now dawning on actual public officials that giving billionaires free offices in which to operate their insanely-profitable businesses is a bad idea.
Today’s story on it in the New York Times details how a bunch of places — New Jersey, Indianapolis, Philadelphia, Houston, Kansas City, Memphis and Pittsburgh, among others — are still paying off debt for publicly-financed stadium projects for stadiums that no longer exist. The kicker to the article:
With state and local budgets stretched by the recession, politicians are
only now starting to look askance at privately held teams trying to tap
the public till.
And “only now” are we at a point, conveniently enough, where virtually every team in all of the major sports already has their publicly-financed park, stadium or arena, making the askance looks of politicians really convenient.
And I’ll bet dollars to donuts that this will all be forgotten by the time the Camden Yards-class parks are deemed obsolete and replacements are required.
- Chris Sale will be sidelined for three weeks with foot fracture 10
- Aramis Ramirez says 2015 will be his last year 31
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 290
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 51
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks 131
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (290)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)