Quote:
Originally Posted by Ramsayfarian
I think there's been several studies done in the states that found that funding arenas/stadiums/ball parks is money wasted.
I'm against any public money spent on a new arena for the simple fact that it only benefits a small percentage of the population. I"d rather see the money go towards education or a library.
What doesn't the internets have?
http://books.google.ca/books?id=1cklAwAV...=6&ved=0CDMQ6AEwBTgK#v=onepage&q&f=false
|
I wouldn't mind public construction and ownership of sports venues, particularly the kind of multi-purpose venues hockey and basketball require, if the theory matched the reality. That is if they were long term assets, monuments to a society, and a public good. Instead they have simply become a means to subsidize billionaires' vanity projects for twenty years until they demand a new one. Too many cities build them so as to make a statement that they're in the big leagues and then find that, instead of making an investment, they have just opened themselves up for extortion because the leagues have constrained supply so that ever more generous terms must be offered less the whole thing turn into a white elephant. It seems like the only places where it would really make sense for the government to build arenas are the ones where private interests are themselves happy to do it so that they can reap all the benefits.
Now if the city is going to build it with a team in mind or not because they have already, for whatever reason, decided to piss away money on something like the olympics, then so be it. Without the real ability to tell the professional team to get lost if they start asking for hand outs, the city is just asking for a Glendale situation where getting hosed on building an arena only leads to getting hosed on keeping it occupied.
Hopefully Glendale will serve as a warning for municipalities in the future. They essentially bet big on the ante without bothering to check their hand. Now that they know they're holding a two and a seven they're forced to keep raising lest they lose their initial misguided bet.