Thursday, May 26, 2005

The Owner's Box in Section 8

The richest of the very richest living in government housing?

Billionaire owners, employing multi-millionaire players, lining up huge corporations for stadium naming revenue, advertising, corporate luxury boxes, millions coming in from TV and radio revenue, souvenirs and marketing, consessions, parking, and ticket sales, are so horribly entrenched in abject poverty that new stadiums must be paid for by the taxpayers. Right?

Here's a little lesson in economics. The last two privately financed ballparks, Dodger Stadium and Pac Bell/SBC Park have been known as the best parks of their construction eras. Dodger Stadium, in the "modern" park era (50's to 80's) was known as the Taj Mahal of baseball. SBC Park is widely viewed as the best of the new "retro" era parks. Coincidence?

Owners would rather resort to extortion of their fans (and even more non-fans, i.e. taxpayers) than put their money where their mouth is.

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