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.
- Kevin Youkilis opts for retirement at age 35 27
- 10 nominees for Hall of Fame’s Veterans Committee announced 94
- Bochy’s championship resume ranks among game’s best 17
- Alex Gordon would have been a dead duck had he tried to score 80
- Video: Pablo Sandoval catches final out in foul territory, Giants win 2014 World Series 10
- Madison Bumgarner pitches the Giants to their third World Series win in five seasons 93
- Madison Bumgarner named World Series MVP … obviously 21
- Pablo Sandoval sets new postseason hits record 10
- A veteran says enough is enough when it comes to tributes for the soldiers (280)
- Jose Canseco shot his middle finger off (148)
- Shocker! Joe Maddon to opt out of his contract and leave the Rays (142)
- Oscar Taveras dies after car accident in the Dominican Republic (140)
- 10-0! The Royals romp, tie it up at three games a piece (109)