Economists say subsidies (tax dollars) for arenas not justified

“The evidence reveals a great deal of consistency among economists doing research in this area. That evidence is that sports subsidies cannot be justified on the grounds of local economic development, income growth or job creation, those arguments most frequently used by subsidy advocates. The paper also relates survey evidence showing that economists in general oppose sports subsidies.”

http://college.holycross.edu/RePEc/spe/CoatesHumphreys_LitReview.pdf

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