Remarks to Sacramento Press Club on Arena Subsidy
First I will correct the misrepresentation that support for a public vote and a better accounting of hundreds of millions of public dollars is somehow opposing Sacramento or an Arena. It is not.
To start, we need to understand what taxpayers are being asked to subsidize. The subsidy proponent’s talking points characterize the NBA arena as a job-creating economic engine … a phrase that polls well, but is just not true.
The evidence, the data – the science – overwhelmingly tells us arenas don’t create the jobs promised and don’t create an economic boom.
Humphries & Coats, Baade,… Read More