Sunday, January 4, 2015

Public ownership of sports franchises

I've wondered why cities are willing to spend huge sums of money on stadiums and arenas, but don't just go ahead and buy the sports franchise itself? 

Here's a Vice article discussing this

"And then there were those who wondered: for $183 million, wouldn't it have been cheaper for D.C. to skip the stadium and just buy the team?"

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