Thursday, December 21, 2006

Sports arena schemes socialize costs and privatize profits

No taxpayer is safe if a Task Force is meeting somewhere. If a new arena would be such a money-maker, some developer is likely on the verge of putting one up, post haste, to reap the benefits, right? Well, no. A task force determined that taxpayers would have to foot some of the money to make a new arena building a reality. Plus, the $405 million price tag doesn’t include land, infrastructure or parking.

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