Sep 8, 2010, 10:00 AM EDT
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.
- Protesters converge on Oriole Park at Camden Yards 0
- It sure sounds like Adam Wainwright suffered a serious Achilles injury Saturday night 3
- Settling the Score: Saturday’s results 7
- Report: Rangers will pay Josh Hamilton less than $7 million; deal includes opt-out after two years 89
- Suspensions announced for Thursday’s brawl between the White Sox and Royals 77
- Settling the Score: Friday’s results 81
- Report: Angels, Rangers agree on Josh Hamilton trade 70
- Must-Click Link: Alex Rodriguzez: the slugger with a thousand faces 22
- The early leaders in MLB’s “Franchise Four” thing have been announced (166)
- The Royals and White Sox had a benches-clearing fracas, five players ejected (155)
- Kelvin Herrera gets a five-game suspension; Yordano Ventura fined (133)
- Jose Bautista and the Orioles exchanged some words last night (117)
- Joe Buck has a truly awful suggestion about how to improve MLB broadcasts (116)