The Ugly Truth of Public Financing

Despite research showing stadiums are a poor use of tax dollars, professional sports complexes are continually financed by cities, counties, and states. In the most recent example, Major League Baseball’s Atlanta Braves announced the team will move to a neighboring county after being promised $300 million in public funds for a new stadium, but some politicians plan to oppose the deal.

For years, economists have been telling a different story than team owners want taxpayers to believe. Owners argue that a new stadium will …

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