Latest study tagged ‘stadiums’
Cities, Finance - Thursday, May 7, 2009 12:04 - 0 Comments
How to curb sports teams’ demands for free public stadiums
Until 1950 the vast majority of owners of professional sports teams built and maintained their own stadiums. Local authorities now routinely contribute between 70% and 80% of the construction of facilities, however, even as costs have soared. A recent example was in Florida, when Miami-Date County commissioners approved giving $347 million toward construction of a new ballpark for the Florida Marlins. Continue…
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