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January 23, 2007
Paying so they can play
NY Newsday, Letter to the Editor
Nothing gets the goat of the region's most prolific letterwriter, Larry Penner, like taxpayers getting stuck with the tab by wealthy sports-team owners:
UK Bank 'Nets' Deal to Name Arena' (Jan. 19) concerning Barclays Bank paying $400 million to Bruce Ratner for naming the Nets Brooklyn basketball arena proves my point why taxpayers should just say no to using public funds for any new major sports stadiums.
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How sad that New York City taxpayers are continually asked to pay for new stadiums. Public dollars on the city, state and federal level are being used as corporate welfare to subsidize a private-sector business.The only real beneficiaries of these expenditures are team owners and their multimillion-dollar players.
Posted by lumi at January 23, 2007 6:04 AM