Quote:
Originally Posted by New Era
Opportunity cost of what exactly? The tax that municipalities put into play to pay for these stadiums? Because they don't come out of operations or capital budgets.
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Money is money, if it wasn't spent - recurrently - on arenas, it could go operations or capital, be left in the hands of taxholders, taxed by another level of government, etc. Drawing these arbitrary silos around different budgetary areas and saying they must be maintained is self-delusion and ignores the relationships between economic factors.
What you are claiming is effectively the argument a six year old makes when he says he has a separate stomach for desert.