Loser's Game

The public cost of pro-sports stadiums

Local officials have always had a weakness for pro sports teams, and those in Cobb County, Georgia, are no exception. The Atlanta Braves made a surprise announcement in early November that they would leave Turner Field, their home for 17 years, for a new stadium in the city's northern suburbs. The move has clear benefits for the baseball team. A chunk of its affluent fan base lives nearby, and residents will foot a large portion of the tab: some $300 million of the $672 million in stadium costs will be publicly funded. What taxpayers get from the deal is less clear.

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