Classici Stranieri

Sports teams
bully cities
into paying for expensive new stadiums which the teams will get the profit from. Now they
sweeten the deal by promising to build housing too — but once the stadium is built,
the team may not carry them out.

Teams exert the pressure by making cities bid against each other for
which will have the team. I’ve proposed a law to stop businesses of
all kinds from making cities or states
bid on how much subsidy to
offer .

I am absolutely against spending municipal funds on enriching sports
team owners. There should be a federal law prohibiting this — any
assistance to the team should be a loan which must comefirst on the
team’s list of creditors. The city can spend those loan payments on
housing if it wants to.

The law could require that all such loans be paid back at 150%.