Should sports arenas get public money?

The Calgary Flames are asking for public money to build a new arena. CBC business reporter Paul Haavardsrud takes a look at what sports arenas do — and don’t — contribute to cities.

Source: Should sports arenas get public money?

The Calgary Flames want a new arena, and while it’s not likely to be federally funded, the team’s owners are hoping for some support at the city level.

Since they know that can be a hard sell, when the plan was presented earlier this year, the head of the Flames compared the arena to something else that benefits the public good: a library.

CBC business reporter Paul Haavardsrud takes a look at what sports arenas do for their cities and finds that the economic case for new arenas has been overstated.