Economics lesson for stadium boosters
Read this article from The Atlantic, headlined "If You Build It, They Might Not Come: The Risky Economics of Sports Stadiums'' It's "a lesson in public debt and defeat''.
Why do cities waste public money on stadiums?
This Pacific Standard magazine article/investigation asks: "Despite every number suggesting they shouldn't, why do American cities keep building sports stadiums funded with public money?"
The money helps impoverish essential public services and is a huge wealth transfer from poorer people to the rich.