Article/Video: Another Troubled City, Another Subsidized Stadium To the Rescue

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Banake
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Article/Video: Another Troubled City, Another Subsidized Stadium To the Rescue

Post by Banake » Tue Apr 05, 2016 8:37 am

Can a taxpayer-subsidized ballpark spark enough economic development not only to pay for itself but to revive an urban dead zone in one of America’s poorest cities?

That’s the big bet the city of Hartford, Connecticut has decided to make.

Currently under construction, the 6,000-seat Dunkin’ Donuts Park will be home to the Yard Goats, a double-A affiliate of the Colorado Rockies. A study commissioned by the city council estimates the ballpark could generate over $350 million in economic growth—turning a stretch of parking lots and vacant buildings into a vibrant residential neighborhood. Hartford hasn’t seen that kind of development in decades.

So if development will come, why not have the city and taxpayers build it? For starters, the stadium is already $10 million over budget and almost two months behind schedule. Homeless on opening day, the Yard Goats will have to play on the road until May 31st.

http://reason.com/reasontv/2016/04/04/h ... ts-stadium

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Ray
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Re: Article/Video: Another Troubled City, Another Subsidized Stadium To the Rescue

Post by Ray » Sat May 21, 2016 6:53 am

This will almost certainly end in disaster. Can't people see that the people who vote for these things (the city council) do it for kick backs and favors? They need to let the citizens vote on big projects like this that are going to be paid for by the tax payers.

I guarantee the driving force behind this is the construction company getting the money to build the thing.

The same thing happened here in St Petersburg, Florida. Our beloved pier, an icon for generations, was torn down because a construction company pitched a deal to the city council. Now we don't have a pier and the proposed plans for a new pier are stalled because it's going to cost way more than the city can afford. I must live in the dumbest city in the world.

http://www.tampabay.com/news/localgover ... ts/2270695

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I Hope We Lose!

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