Sep 26, 2011, 1:00 PM EDT
You know where I stand on the issue of public funding for ballparks. If not: I think it’s only slightly preferable to a swift kick to the groin. Not a fan.
But what if, instead of it being a taxpayer thing, it was a matter of private investment? That’s Phil Rosenthal’s plan for Wrigley Field: let the public buy shares in the ballpark and use that money for the $200-300 million in renovations the joint needs.
It’s one of those ideas that sound kind of neat when you first hear it, but that doesn’t hold up under even moderate scrutiny. The moderate scrutiny comes from Ballpark Digest, which deconstructs Rogers’ proposal. He explains why it wouldn’t work within baseball’s current system — neither MLB nor the Cubs have any desire to offer the kind of transparency required of such a deal — and while it wouldn’t work structurally. Mostly because it would require way too many investors offering way too much money per share to both finance the thing and to keep anyone from gaining a controlling interest over the ballpark.
Nice idea, I guess. But I don’t know why so many people spend so much of their time trying to think of ways to help billionaires with their million-dollar problems.
- Bryce Harper walks in all four of his plate appearances, scores four runs 0
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game 91
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff 124
- And That Happened: Wednesday’s scores and highlights 74
- The Marlins are going to change everything except their biggest problem this offseason 53
- Drooling over Miguel Sano’s incredible numbers through 50 career games 35
- Matt Williams puts up another strong performance in his quest to get himself fired 105
- Settling the Scores: Tuesday’s results 81
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (266)
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff (126)
- Matt Williams puts up another strong performance in his quest to get himself fired (105)
- David Ortiz tweets his happiness about the Deflategate decision (98)
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game (98)