> Local governments do subsidize movie production with all sorts of funding and grants.
Which is dumb, though I don't think the stupidity quite reaches "city spends a billion dollars for one particular team" level.
> This also affects other businesses in the city that benefit from the spending done by those that travel into the cities.
Again, the research on this is quite clear: the economic benefits there are meager at best.
> Ever heard of... - London: Arsenal, Chelsea, or Tottenham (Soccer), Wimbledon Championships (Tennis) - Paris: PSG (Soccer), French Open (Tennis)
I've heard of most of those, I guess I've just never heard of my friends or family going to see them, even though many have visited those cities (and myself as well).
Sure, but you can have an argument about how taxes are distributed, that's what democracy is about. The ROI on investing on education is arguably better than the ROI of spending it on a stadium. And more people need to understand that the benefit of stadiums and sports teams is mostly about subsidizing billionaire sports teams owners.
I mean yeah, I wish the government were a lot more frugal with my money in general. but I don't mind as much when the money is spent on things that directly keep people fed, off the streets, and possibly learning some useful skills to contribute back.
Which is dumb, though I don't think the stupidity quite reaches "city spends a billion dollars for one particular team" level.
> This also affects other businesses in the city that benefit from the spending done by those that travel into the cities.
Again, the research on this is quite clear: the economic benefits there are meager at best.
> Ever heard of... - London: Arsenal, Chelsea, or Tottenham (Soccer), Wimbledon Championships (Tennis) - Paris: PSG (Soccer), French Open (Tennis)
I've heard of most of those, I guess I've just never heard of my friends or family going to see them, even though many have visited those cities (and myself as well).