The losing game of publicly financed sports venues – The Globe and Mail

BARRIE MCKENNA OTTAWA — The Globe and Mail Published Friday, Jul. 17, 2015 4:41PM EDT

Source: The losing game of publicly financed sports venues – The Globe and Mail

The people of Quebec City and Edmonton are falling prey to one of the oldest con games – the notion that spending public money on pro sports venues is a sound investment.

Facts don’t seem to matter in this game. And your city could be fleeced next.

Stacks of independent research over many decades have shown that building a stadium or luring a new franchise does little for a city’s economy. They typically don’t generate significant new tax dollars, jobs or growth. In most cases, the money would be more wisely spent on badly needed public infrastructure, such as roads, transit or schools

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