Tag: Victor Matheson

Stadium

The Super Bowl continues to suck cities in with false promises of economic glory

Did you hear? Santa Clara found $240 million dollars in their bank account! Wait, no. Santa Clara was given $240 million dollars by the NFL! No, that isn't right either. Ok, I got it this time. In 2016, the San Francisco 49ers released a statement claiming that the city of Santa Clara and San Francisco (SC/SF) saw a “net positive economic impact … of at least $240 million”. This came from a so-called “independent study”…

William Neilson Jr.
Stadium

Buffalo Bills exec promises that, unlike last stadium, developers will flock to the new one

Last year, New York lawmakers gave the Buffalo Bills $850 million dollars in taxpayer money to help the NFL team build a new stadium. One well-known economist, Victor Matheson, wrote that “the New York Legislature has managed to craft one of the worst stadium deals in recent memory”. That $850 million dollar figure does NOT include a significant number of subsidies such as “maintenance costs and property tax exemptions”. Therefore, the stadium bill will likely…

William Neilson Jr.