With the economy in the toilet, it sure looks good when local governments shell out 80 million billion dollars (number may not be accurate) on new sports stadiums, doesn’t it? For a brief moment last week, it looked like the era of publicly funded stadiums had screeched to a halt. But in the dead of night, some mysterious figure made sure that your tax dollars will still be going toward hot tubs in New Yankee Stadium.
The senate version of the stimulus bill included an amendment specifically banning any of the money from going toward stadium construction. But by the time the legislation made it to President Obama’s desk, the wording had changed; the amendment was out. And there’s nothing stopping that trillion dollars from paying for your local arena, rather than the billionaire owners.
Who killed the stadium amendment? Let’s investigate, after the jump.