Quote:
Originally Posted by Socguy
The arena has a fixed price guaranteed by the contractor. Any shortfalls are covered by the contractor. Currently it's on time and on budget. http://www.cbc.ca/news/canada/edmonton/a...and-on-budget-says-city-report-1.2770637
Yes, there has been several studies that show sport infrastructure can be a suckers bet, but there are also examples of where it works. That's why one needs to consider the situation around each proposal. It's why I believe that Edmonton made the right move, but why Calgary needs to be very cautious. ...Different cities in different situations. |
Do you have any examples of where it works? This page has numerous links to studies that back my view, albeit, from a US perspective.
https://www.heartland.org/policy-documents/research-commentary-subsidizing-sports-stadiums
" A July 2007 article from Reason Public Policy Institute researchers Samuel Staley and Leonard Gilroy notes, "More than 20 years of academic research has failed to find a significant relationship between an investment in a sports stadium and significant job or income growth.""
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