NY Times: The Cost of Stadia
Interesting New York Times article about how some municipalities are still paying off the debt associated with sports stadia that no longer exist.
over 1 year ago
Adam J. Morris
12 comments
0 recs |
Email
PrintComments
Hasn't there been
study after study done showing the building of stadiums is a zero-sum exercise to taxpayers/bond holders?
Troy McClure: "Don’t kid yourself, Jimmy! If a cow ever got the chance, he’d eat you and everyone you care about!"
by stupidsexyflanders on Sep 8, 2010 2:33 PM CDT reply actions
I think it's negative sum
Although Arlington paid off TBiA fairly quickly, and I’m not sure how much money TBiA has brought to arlington.
"Look, we're basically on earth to shit and fuck. So unless your job's to help people shit or fuck, it's not that important, so relax."-https://twitter.com/shitmydadsays
Reminds me of
Montreal’s Olympic Stadium. Massive initial construction cost overruns, constant structural problems over the years which have been exorbitantly expensive to repair, and now it would cost $700 million to demolish it due to its structural peculiarities. It has to stay up because it’s too expensive to take it down. Bizarre.
Troy McClure: "Don’t kid yourself, Jimmy! If a cow ever got the chance, he’d eat you and everyone you care about!"
by stupidsexyflanders on Sep 8, 2010 3:07 PM CDT up reply actions
Of all the ballparks I went to
back when I went to all the parks in baseball, Montreal’s was easily the worst. What a steaming pile of crap. You expect it from the frenchies though.
"Look, we're basically on earth to shit and fuck. So unless your job's to help people shit or fuck, it's not that important, so relax."-https://twitter.com/shitmydadsays
Well
Frenchies are also responsible for poutine and Gabriel Faure so don’t be too hard on them.
Troy McClure: "Don’t kid yourself, Jimmy! If a cow ever got the chance, he’d eat you and everyone you care about!"
by stupidsexyflanders on Sep 8, 2010 3:27 PM CDT up reply actions
You think TBiA has brought more or less than $135 million?
The city’s $135 million bond package for Rangers Ballpark was paid off in 10 years instead of the projected 20 years.
The construction costs were about $191 million.
These cities
should really force teams to pony up more money to pay off the stadiums over time.
But this is just a classic example of the perverse incentives in government spending. A local politician has very clear incentives to support such incredibly bad deals. They’re not going to be around in 30 years when the team is paying for a vacant lot, but they’ll certainly risk losing re-election if they’re the one who stands up to the team and results in them moving to a suburb or a different city.
Go Rice Owls!
Speaking of stadia
When are they going to put a roof over TBiA? Or just move to Dallas already. Arlington sucks. It’s too close to Ft. Worth.
/DMN poster and Rangers100
The other sports are just sports. Baseball is a love. ~Bryant Gumbel, 1981
Rough game for y'all last weekend...
"Drinks are on me if Lewis posts >168IP and an era lower than 3.86." by RangerMad on Jan 20, 2010 12:36 PM PST
THE CLAW SHIRTS ARE IN
Genesis 1: 3-4 (Rangers Edition): And JD said "Let there be Lee," and there was Lee. And JD saw the Lee, that it was good: and JD divided the Rangers from the Angels. by Aquaman56
That's because you weigh about a buck twenty five...
…and the wind ends up blowing you down the road faster than Bengie can run. AJM on Aug 30, 2010
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Recommended FanPosts
Recent FanPosts
In Association With
Big League Stew - MLB - Yahoo! Sports
- Five tips for Showtime’s second season of ‘The Franchise,’ featuring the Miami Marlins
- The 10 best things about being a Detroit Tigers fan
- Surprise! A’s finally end the Yoenis Cespedes derby with $36 million deal for Cuban star
- The time Whitney Houston sang to Jim Bowden
- Pitchers and catchers! Mariners get early start in Arizona
Certain photos copyright © 2012 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
