I watch sports. A lot.
I'm a fan of the Flames and the Stampeders.
I do not support public spending on professional sports facilities. It's a classic misallocation of capital...disguised as "infrastructure".
Market forces should determine the viability of a project like this: tickets prices should include the cost of financing a building. If that happened, the net result would be a decline in player salaries as a larger portion of the total gate of the building would need to be utilized on the Capex...and less on the players.
I'm fine with that. Public funds should not be needed to subsidize an industry as profitable as professional sports.
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