90% of the deals that were were cut over the last forty or 50 years have not been economically beneficial or financially beneficial to a city. Th they've created a budgetary hole that has to be filled. How do you fill it? Either by raising taxes or lowering other services? I think that's the reality now.
The Buffalo Bills are set to receive a record-breaking $850 million in public funds to build a new stadium — even though they’re owned by a fracking billionaire. An economist explains whether publicly funded stadiums ever work out in the public’s favor.
This episode was produced by Hady Mawajdeh, engineered by Paul Mounsey, fact-checked by Laura Bullard and Matt Collette, and edited by Sean Rameswaram, who also hosted.
Transcript at vox.com/todayexplained
Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts
Learn more about your ad choices. Visit podcastchoices.com/adchoices