Sports Stadium Boom Adds To Municipal Woes As Revenue Plunges

Sports Stadium Boom Adds To Municipal Woes As Revenue Plunges

From New Jersey to Ohio to Arizona, the stadiums were sold as a key to redevelopment and as the only way to retain sports franchises. But the deals that were used to persuade taxpayers to finance their construction have in many cases backfired, the result of overly optimistic revenue assumptions and the recession.

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