
State And Local Issues | |
Subsidized Ballparks Price Fans Away |
New evidence indicates that sports fans who vote to subsidize sports arenas with their taxpayer dollars quite possibly could be denied entry at the gate.
Cato Institute economist Raymond J. Keating cites two studies that support the argument that tax-subsidized sports arenas are a bad bet for cities.
Whether or not there is a cause-and-effect relationship, expensive new tax-supported sports complexes do lead to higher ticket prices -- and that is not good for either taxpayers or fans. Source: Joseph Perkins (San Diego Union-Tribune), "Pricing Fans Away From the Game," Washington Times, April 17, 1999. For more on State and Local Spending http://www.ncpa.org/pd/state/state5.html |
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