Show-Me Even More Reasons Why New Royals Stadium Wastes Money

There's another dog & pony show coming to town this week.

As a welcome . . . We want to link data from smarter people which reveals why the upcoming stadium is a bad joke on taxpayers no matter where they plan to plunk it down . . .

Here are the highlights from a recent study by the STL Fed . . .

- Even though new stadium projects can take years and add construction jobs, those jobs disappear once the stadium is built.

- Jobs created and tax revenue generated from new economic development in the area surrounding a stadium, such as restaurants, bars, condominiums, and office space, do not always offset the cost of the subsidy.

- The economic activity generated by ticket sales, restaurants, parking, and concessions sales associated with the stadium are “diverted” funds that might otherwise be spent on similar entertainment activities in the area, including museums, movies, and concerts.

- Most analyses supporting subsidies fail to account for opportunity costs associated with stadiums; government can choose to spend taxpayer money on many projects that have benefits for society, such as infrastructure or education, and economists tend to prefer these types of investments because of their potential to spur economic growth and increase the standard of living.

Read more via www.TonysKansasCity.com link . . .

Major League Baseball commissioner Rob Manfred visiting Kansas City to discuss benefits of new stadiums

The Kansas City Royals will be welcoming Major League Baseball Commissioner Rob Manfred this week.

Developing . . .