For years, government agents have told people that these new
pyramids stadiums and sports facilities were supposed to be economic net positives. It turns out that even after the older facilities (that were supposed to create lots and lots of wealth for everyone) have been demolished, they still carry huge debt loads that taxpayers ultimately must continue to finance.
So, from Sea to Shining Sea, we have an ocean of debt. However, we will continue to be inundated with the sophistry from politicians, team owners, and sportswriters that what communities REALLY NEED are new facilities.6:06 am on September 8, 2010 Email Bill Anderson