WhatFinger

The economics of subsidies to professional sports teams have always been abysmal and haven't changed

Subsidizing arenas has zero benefit for economy


By Mark Milke Director – Alberta Prosperity Project, and Niels Veldhuis, Director – Fiscal Studies Fraser Institute CALGARY, AB, and VANCOUVER, BC, Given the federal government's past, present and projected future red ink, Canadians could be forgiven for thinking Ottawa might prefer to pinch pennies rather than dole out hundreds of millions more in corporate welfare, this time to the most undeserving recipients of all, pro-sport franchises, most owned by billionaires.
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