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.
- Report: Red Sox make $95 million offer to Pablo Sandoval 76
- White Sox sign Adam LaRoche to two-year, $25 million deal 35
- Report: Red Sox offer Jon Lester six years, $110-120 million 72
- Report: “There is a 90 percent chance that Pablo Sandoval will sign with the Red Sox” 130
- A’s sign Billy Butler to three-year, $30 million contract 84
- Cardinals reportedly joining pursuit of Jon Lester 65
- Giancarlo Stanton’s contract is backloaded. REALLY backloaded. 148
- Braves and Cardinals swap Jason Heyward and Shelby Miller in blockbuster deal 157
- Braves and Cardinals swap Jason Heyward and Shelby Miller in blockbuster deal (157)
- Giancarlo Stanton’s contract is backloaded. REALLY backloaded. (148)
- Blue Jays sign Russell Martin to five-year, $82 million deal (135)
- Report: “There is a 90 percent chance that Pablo Sandoval will sign with the Red Sox” (130)
- Sexual assualt charges reinstated against Tigers pitcher Evan Reed (129)