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The Latest Breaking News from JC Bradbury

Sorry, Tampa Bay, mixed-use districts don’t reverse the dismal economics of sports venues

When the Atlanta Braves opened Truist Park in 2017, Major League Baseball Commissioner Rob Manfred called it a “watershed” moment.

The Conversation

There Are No Good Reasons To Subsidize Sports Stadiums. Governments Keep Doing It Anyway.

“If we stop funding all sports stadiums tomorrow, then the world wouldn't change hardly at all," says one economist.

Reason

The Real Reason You Pay for NFL Stadiums

Economist J.C. Bradbury breaks down why taxpayer-funded stadiums are a bad idea, how team owners market them to politicians, and why another stadium building boom may be coming.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Debacle in the desert: will the Athletics’ $1.75bn stadium on the Vegas Strip ever be built?

It’s been over two years since the A’s were awarded public funding for their new ballpark. But despite last month’s “groundbreaking”, its completion is anything but certain

The Guardian - US

DeSantis, longtime opponent of state spending on stadiums, allocates $8 million for Inter Miami

Gov. Ron DeSantis is giving $8 million in state money to Miami-Dade County to improve roads and other infrastructure around the stadium being built for the Inter Miami soccer team

The Independent UK

Kansas lawmakers poised to lure Kansas City Chiefs from Missouri, despite economists' concerns

A rivalry is flaring up as Kansas lawmakers try to snatch the Super Bowl champion Kansas City Chiefs away from Missouri

The Independent UK

How Much Will Taxpayers Pay for Virginia's $2 Billion Arena Plan?

How much public money will be used remains unclear. The consensus answer seems to be "a lot."

Reason

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Plans abounding for new sports stadiums across the US, carrying hefty public costs

Proposals for new and improved sports stadiums are proliferating across the U.S. and could come with a hefty price tag for taxpayers

The Independent UK

Georgia Taxpayers Lose $160,000 for Every Job Created by Film Tax Credits

The program generates just 19 cents for every dollar spent.

Reason

Virginia Should Refuse to Subsidize the Construction of a New Stadium for the Capitals and Wizards

The proposed deal could be the largest-ever government subsidy for a sports stadium. Studies consistently show such handouts don't benefit communities.

Reason

Oklahoma City voters consider 1% sales tax to build a $1 billion arena for NBA's Thunder

Oklahoma City voters will decide whether to approve a 1% sales tax to fund a new downtown arena for the NBA's Thunder

The Independent UK

Movie Industry Says Georgia's Film Tax Credits Are Great. State Auditors Say They're a Waste of Money.

Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness.

Reason

Atlanta rapidly grows data center footprint amid fervent competition

ATLANTA — About a mile west of Georgia Tech’s campus, a pair of buildings that combined are nearly the size of Buckhead’s Lenox Square mall bear the letters “QTS.”

People

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