Sports are on the mind right now. The NYTimes ran this story over the weekend, comparing the relative pros and cons for the city for its proposed areans - the Westside Jets stadium, the new Yankees baseball stadium in the Bronx, and the proposed Brooklyn Nets stadium. There's a nice chart with a snapshot of all three - and what it would cost the city.
In short, it would cost the city a lot, not just in public monies and high opportunity costs (e.g. public schools vs. pro sports), but also in public land (handed over to the stadium project with no rent). Also, the projected economic benefit significantly underwhelms the initial public investment.
Posted by Shin-pei at 10:19 AM