Sunday, March 8, 2015

Public tax subsidy of Sports stadiums does not pay off...

Cities across the country continue to struggle with this same issue; and yet the research continues to affirm the same result, city after city. The following piece is about a proposal for Providence, Rhode Island.

"Research performed by economists has shown no consistent, positive impact on jobs, income or tax revenues arising from stadiums or sports franchises."
— Steven Frias on Tuesday, February 24th, 2015 in a newspaper commentary