Field of Schemes
How the Great Stadium Swindle Turns Public Money Into Private ProfitBook - 1998
Are you a sports fan distraught over seeing your home team move to another city? Or a happy sports fan whose city has just lured that team to your home turf with a brand new stadium? Or maybe you don't follow sports, but as a taxpayer are decrying cutbacks in school funding and other services. Whoever you are, state and local officials have thrown you a financial curve ball.While President Reagan made famous the false and chiding comment about "welfare queens" who ride around in Cadillacs, Field of Schemes introduces you to some real welfare kings -- who not only prefer BMWs, thank you, but also know the meaning of fun: -- A millionaire pizza baron wants more corporate luxury seating than his historic old ballpark provides, so he demands a new stadium at taxpayer expense, saying the old one is falling down. A group of grass-roots activists reveal that his engineering reports are faked, and that it would be far cheaper to renovate the old ballpark -- but the city and state go ahead with theproject anyway.-- A used-car salesman turned baseba11 team owner promises to pay for a new stadium out of his own pocket, if the state government just agrees to move a highway to clear the land. Several backroom deals later, the state is paying to move the highway and raising a quarter-billion dollars towards the stadium costs, -- and the team owner is getting his stadium scott-free.-- The billionaire co-founder of Microsoft wants to buy a football team, but only if the state will build him a new stadium first. So he pays the state $4 million to hold an emergency referendum -- then spends millions more in advertising to make sure he wins. In exchange, he gets over $400 million in statetax money to build his team's new home.-- When an economically depressed city is faced with losing its football team, it scrambles to allocate $220 million for a new, state-of-the-art stadium. The next day, the city schoo
Publisher: Monroe, Me. : Common Courage Press, c1998.
Characteristics: xi, 226 p. ; 21 cm.