
State And Local Issues | |
Taxpayers Strike Out In Subsidized Ballparks |
No new stadium was christened at the start of this baseball season. The Seattle Mariners will move into their new $498 million park in July, however. On opening day in 2000 there will be new ballparks for the Houston Astros, the Milwaukee Brewers and the San Francisco Giants. Only the Giants' new stadium will be funded primarily with private dollars. Taxpayers will be footing the bill for the rest.
While team owners argue that sports facilities can't be built without hitting up taxpayers, the fact is that a great number of stadiums were privately funded in the past and a number are being privately financed now -- including arenas in Columbus, Los Angeles and Denver. Source: Raymond J. Keating (Cato Institute), "Squeeze Play: Do Baseball Stadiums Need Our Bucks to Get Built?" Washington Post, April 5, 1999. For more on State and Local Spending http://www.ncpa.org/pd/state/state5.html |
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