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May 13, 2005
Economists: Stadiums Are Bad Investments
LA Times
"There are only two things you do not want on a valuable piece of real estate. One is a cemetery, and the other is a football stadium," University of Chicago sports economist Allen Sanderson said Tuesday.
While American cities have traditionally assumed sports facilities would trigger urban development, local governments are increasingly wary of such assumptions — and of using public money on the basis of them.
Posted by lumi at May 13, 2005 8:44 PM