Stadium is fielding money from us
I wasn't overly alarmed when a Deseret Morning News headline announced last week that the funding of Dave's Big Soccer Stadium will cost much more than we were originally told.
Gee, what a shock. Who saw that coming?
Try to think of Dave Checketts and his eager band of developers and Sandy city flunkies as car dealers. Now we've reached that point when it's time to pay for the car, and they're telling us the hidden costs tax and license fees, interest on the loan, delivery price, extras (oh, you wanted FOUR tires!) they neglected to mention earlier.
When it came time to finalize the funding details for the soccer stadium last week, someone finally got around to mentioning that it will cost more than the $45 million as advertised it will cost another $28 mil in interest, bringing the price tag to, ka-ching!, $73 million.
OK, we know there are always going to be interest payments, but it's strange that they never bothered to mention this before and that they always told taxpayers their cost would be $45 million.
You gotta love these guys (but not really). First, they're turning to the governor and his wife to ram the deal through against the wishes of the public, a county mayor and a couple of auditors, then it turns out they were telling us less than the truth about the actual price.
Oh, well, that's just the cost of doing this dirty business, and what's another $28 mil to make Dave, the Legislature and our first lady happy?
Anyway, what really caught my eye was when a guy named Randy Sant Sandy's economic development director and head cheerleader tried to ease the pain of this hidden expense by saying, "I think when we show them what's going to be developed around there, we'll show them it's going to be a great economic development tool."
OK, class, who still believes the old fairy tale that public funding of athletic stadiums means "economic development"? Oh, please. That tired, old line has been used to justify public funding of stadiums for decades, with nothing to support the claim.
It's the biggest lie since "Check's in the mail" and "I have never used steroids." That myth has been ripped to shreds by numerous experts. University of Chicago economist Allen Sanderson once told Jay Evensen of the Deseret Morning News that the only investment with less economic returns would be a cemetery.
Evensen quoted a New York City budget office study that reported, "Research consistently finds that new stadiums do not produce economic growth in metropolitan areas."
Neil deMause, who studied the issue for 12 years, during which time $10 billion of taxpayer money was spent on 50 stadiums, co-authored "Field of Schemes: How the Great Stadium Swindle Turns Public Money into Private Profit." He told a congressional oversight committee, "I have yet to find any independent economists that is, ones not on the payroll of pro sports teams who believe there is any significant positive impact to local economies from sports stadiums and arenas."
Recent comments
As a former DesNews subscriber I'm not surprised that Mr. Robinson is...
Wow | Nov. 15, 2007 at 6:07 a.m.
ha ha suckers the stadium is being built whether you like it or not....
stadium being built | Nov. 12, 2007 at 6:42 p.m.
It's painful to see who bitter so many people are towards soccer. It...
Delta Center Facts | Nov. 11, 2007 at 12:29 p.m.
- 5 hurt in latest Pamplona bull run 8:49 a.m.
- Delay in Jackson guardianship case 8:47 a.m.
- Attempted murder case refiled 1:58 a.m.
- Sports on the air 1:38 a.m.
- This weekend on TV 1:38 a.m.
- Birthdays for Saturday, July 11 1:38 a.m.
- 2 men cited on LDS plaza 1:37 a.m.
- Man spots his stolen car 1:23 a.m.
- Girl critical after run-in with train 1:23 a.m.
- Death investigated as slaying 1:22 a.m.
- Jazz brass debate Millsap match
- LDS seminary principal arrested
- 2 men cited on LDS plaza
- HBO defends U. logo use in 'Love'
- Reactions on Boozer speculation
- Jazz finances not quite so bleak
- Teacher faces new sex charges
- Cash for Clunkers to get rolling soon
- Man spots his stolen car
- Utahns among Texans' investors
- LDS seminary principal arrested
160 - Bronco collecting a galaxy of recruits
141 - Jazz talking Boozer trade?
136 - Blazers may offer Millsap a contract
123 - Jazz brass debate Millsap match
99 - Stadium of Fire flag burning was fake
94 - Fairness of BCS debated
81 - Chaffetz eyes challenging Bennett
74 - Letters: Single-payer system best
72 - Services bids farewell to Jackson
70
As more and more dads are put out of work in this economy, I've been...
The photographs are mysterious, brooding, dark. They show dimples and...
I love Millsap, and the Jazz will find a way to move Boozer and match for...
i think its childish to assume that somebody would actually want to get...
Millsap and Boozer need to stay in Utah. Millsap is Boozers backup while he...
Childish and immature? Its always easier being ignorant and presuming things...
can you use words like testimony and church leadership to critisize a...
Bro P really helped me through a tough time in my life when I had him in...
These are only allegations at present, but I hope when he goes to trial, the...
My thoughts are with the Pratt family right now. Michael I hope you are...
It is interesting that everyone who seems to be a member comments on how nice...
You presume, simply because they were gay, that they were trying to "stir...

