I’m generally against subsidies for ballparks. This article describes some studies on the economic impacts of sports on the local economy as the two featured economists, Brad Humphreys and Dennis Coates put it “Our conclusion, and that of nearly all academic economists studying this issue, is that professional sports generally have little, if any, positive effect on a city’s economy.”
So how likely is it that that the local economy will be helped by a free parking garage for Yankee VIPs funded by NY tax payers (article)?
One more reason to hate the Yankees.
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