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• Position: Public financing of sports stadiums - Brief article

ECONOMISTS AGREE: PUBLICLY FINANCED SPORTS STADIUMS ARE A BUST

Since 1997, 20 new NFL stadiums have been funded with a roral of $4.7 billion in taxpayer funds.

In publicly financed sports stadium agreements, reams on average only pay 22 percent of the costs.

Tax exemptions for municipal bonds ro pay for stadiums cost the U.S. Treasury $146 million a year.

Backers often rout the tourism benefits stadiums will draw, but only I 0 percent of attendees at professional sparring events are out-of-town...