Field of Schemes: How the Great Stadium Swindle Turns Public Money into Private Profit

Joanna Cagan; Neil Demause

ISBN 10: 1567511392 / ISBN 13: 9781567511390

Published by Common Courage Pr, 2002

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G1567511392I4N00

Synopsis:

Are you a sports fan distraught over your home team's move to another city? Or someone whose city has just lured a team to your home turf with a brand new stadium? Or maybe you don't follow sports, but as a taxpayer are outraged over cutbacks in school funding and other services.
Forget about the false tales of "welfare queens" who supposedly rode around in Cadillacs. Field of Schemes introduces you to some real welfare kings.
A used-car salesman turned baseball owner promises to pay for a new stadium out of his own pocket, if the state government just agrees to move a highway to clear the land. Several backroom deals later, the state is raising a quarter-billion dollars towards the stadium costs - and the team owner is getting his stadium scot-free.
The billionaire co-founder of Microsoft wants to buy a football team, but only if the state will build him a new stadium first. So he pays the $4 million cost of a referendum - even as his camp spends millions more in advertising to make sure he wins. In exchange, he gets at least $300 million in public money to build his team's new home.

Synopsis: Details how taxpayers, urban residents, and sports fans come out losers, and stadium and team owners come out winners when new stadiums are constructed. The authors investigate politicians' pandering to big businesses, taxpayers paying for the construction of ballparks that will benefit wealthy owners, and various tax breaks for owners and tax hike

Bibliographic Details

Title: Field of Schemes: How the Great Stadium ...
Publisher: Common Courage Pr
Publication Date: 2002
Binding: Hardcover
Condition: Very Good
Dust Jacket Condition: No Jacket