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.
- Nationals place Stephen Strasburg on the 15-day disabled list with neck tightness 1
- Jerry Dior, designer of MLB’s iconic logo, has passed away 8
- Settling the Score: Friday’s results 21
- Tony Cingrani hits Bryce Harper in the back with a pitch, then complains he was too slow getting to first base 112
- Video: Josh Hamilton hits his first home run of the season 16
- Rockies starter Chad Bettis loses his no-hitter in the eighth inning 2
- Stephen Strasburg exits start in the second inning with an apparent injury 5
- More than half of polled baseball fans prefer having the pitcher hit 77
- Tony Cingrani hits Bryce Harper in the back with a pitch, then complains he was too slow getting to first base (111)
- The Big Unit: Wide Angle Watcher (90)
- And That Happened: Wednesday’s scores and highlights (89)
- Chipper Jones will fight you if you insult his “girl” (84)
- More than half of polled baseball fans prefer having the pitcher hit (77)