Remember how stadiums were supposed to bring in billions to a local market

And cities abandoned education reform, social services, infrastructure needs etc. to cater to these rich fucks’ needs? The best thing yet is that most of the tax subsidized fuckwads gave money to conservative candidates to get more tax breaks for themselves while decrying the urban moral decay. It’s a good thing they are not taxewd to death because that would be socialism and would miss out on rich people playing for your happiness. NYT:

From New Jersey to Ohio to Arizona, the stadiums were sold as a key to redevelopment and as the only way to retain sports franchises. But the deals that were used to persuade taxpayers to finance their construction have in many cases backfired, the result of overly optimistic revenue assumptions and the recession.

Nowhere is the problem more acute than in Cincinnati. In 1996, voters in Hamilton County approved an increase of half of one percent in the sales tax that promised to build and maintain stadiums for the Bengals and the Reds, pay Cincinnati’s public schools and give homeowners an annual property tax rebate. The stadiums were supposed to spur development of the city’s dilapidated riverfront.

Hey, Detroit, how’s that $600 million that spent on the Pontiac Superdome working out for your kids? And Ohio, how’s unemployment in your state?

Go Browns!

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Filed under Asshats, Conservative politics, Corruption, Economics, Sports

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