Quote:
Originally Posted by Enoch Root
The government does support businesses. All the time.
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I agree with you here. Governments have two interests at large. The promotion of public goods for citizens, and private interests which, largely feed into the public good (jobs etc.)
Most infrastructure (roads, bridges, etc.) serve the public and private in several ways.
But most infrastructure provides either basic needs or multiplier effects. CalgaryNEXT, and most stadium development provide neither.
A new sports facility has an extremely small (perhaps even negative) effect on overall economic activity and employment. Regardless of whether the unit of analysis is a local neighborhood, a city, or an entire metropolitan area, the economic benefits of sports facilities are de minimus.