R.I.P. to the man who gave us this vital quotation, one I was able to once say directly to the Rays team president:
“If you want to inject money into the local economy, it would be better to drop it from a helicopter than invest it in a new ballpark.”
“If you want to inject money into the local economy, it would be better to drop it from a helicopter than invest it in a new ballpark.”
Reposted from
Phil Rosenthal
#RIP Allen Sanderson, the U of C economics professor whose expertise made him a reliable source to properly explain why government-subsidized stadiums return little benefit to their communities.
We can honor his memory by not using public money to build new stadiums for the White Sox and/or Bears.
We can honor his memory by not using public money to build new stadiums for the White Sox and/or Bears.
Comments
- Skydome (hotels & bars)
- Camden Yards (surrounding pre- and post-game businesses)
- JerryWorld
- Truist Park (which launched as a shady real estate deal)