Plans abounding for new sports stadiums across the US, carrying hefty public costs (AP News)

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    Plans abounding for new sports stadiums across the US, carrying hefty public costs – By David A. Lieb (AP News) / Dec 23, 2023

    Standing on a portable stage erected at home plate of the Milwaukee Brewers ballpark, Wisconsin Gov. Tony Evers recently praised the professional baseball team as an “essential part” of the state’s “culture and identity” and “economic success.”

    With fanfare, Evers then signed off on $500 million in public aid for the stadium’s renovation, adding to a remarkable run of such blockbuster deals. This year alone, about a dozen Major League Baseball and National Football League franchises took steps toward new or improved stadiums.

    A new wave of sports facility construction is underway. One driven, in part, by a race to keep up with rivals and one that could collectively cost taxpayers billions of dollars despite skepticism from economists that stadiums boost local economies.

    Though the Brewers primarily cited a need for repairs, many of the other new projects are much more than that. In some cases, sports teams are even seeking a new jolt of public funding for state-of-the-art stadiums while public entities are still paying off debt from the last round of renovations a couple of decades ago.

    CONTINUE > https://apnews.com/article/sports-stadiums-public-funding-nfl-mlb-a81d825286530bb95f227efc99f2e9d3

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