On and off for the past few months, I’ve assumed the Neil deMause mantle when it comes to the new Yankee Stadium. DeMause, the author of Field of Schemes, an influential book (and blog) detailing sports stadium economics – with a new edition featuring a chapter on New York coming out in April – has long called for an end to taxpayer subsidies for every little detail of sports stadium construction.
I’m on his side. I completely buy into the argument that the economic returns on a stadium do not justify the few-hundred-million-dollar layouts by the cities. Look no further than the Twins. The richest owner in the game is getting a taxpayer-funded stadium when he and the team could easily afford to fit some, if not most, of the bill.
In New York, there are plenty of things that need the taxpayer money, from our infrastructure-challenged subways to our subpar public schools. Two baseball franchies – two of the richest baseball franchises in the sport – don’t need the payouts and tax breaks they’re getting.
All of which brings me to a recent Village Voice story.