Over at his podcast, Keith Olbermann, at around the 20:00 mark, he pithily explains how to show that taxpayer funded stadium deals are always a loser:
I once asked a sports economist to explain why all that is always true, and he could show me all kinds of complicated formulas, but there was something simpler, "If a new stadium actually made a profit, the owners would build all the new stadiums themselves with private money and keep all the profits. That's what owners do."This is all you really need to know about stadium deals. If they made money, the owners would build their own f%$3ing stadiums.
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