Thursday, January 14, 2016

"St. Louis now has no NFL team, but incredibly, the city, county, and state still owe a combined $152 million to pay off the Edward Jones Dome"

Deadspin:

Missouri senator Claire McCaskill says that she is drafting legislation that would require professional sports franchises that skip town prematurely to refund the public

...


To be clear, McCaskill still isn’t on the side of the righteous here. She was in favor of the public plunking down another $400 million to build a stadium to keep the Rams in St. Louis, even though there is a near-consensus in the academic literature that stadiums provide no economic benefit. In fact, her proposed legislation only has any effect at all if the public continued to finance stadiums.