Al Bello/Getty Images

Senators introduce bill to prevent use of municipal funds to finance sports arenas


Update: Rovell’s report left out a crucial part of the bill. From Cory Booker’s website:

The bill would close a loophole in the tax code that allows professional sports teams to finance new stadiums with municipal bonds that are exempt from federal taxes.


The bill would end federal subsidies for stadium financing, but would not prevent localities and states from bidding and offering economic incentives to teams. In eliminating this wasteful expenditure, the bill also unties the hands of local governments to finance their stadium subsidies with taxes on tickets and in-stadium purchases—in other words, allowing states to target taxes on the people who actually use and benefit from the subsidy. Current tax law does not allow local governments to finance federal stadium subsidies by levying taxes on stadium purchases.

(Cap-tip to Royalsretro in the comments)


ESPN’s Darren Rovell reports that Senators Cory Booker (D-NJ) and James Lankford (R-OK) will introduce a bill that will prevent the use of municipal funds to finance sports arenas.

In a public statement, Booker said:

Professional sports teams generate billions of dollars in revenue,” Booker said in a statement. “There’s no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums. It’s not fair to finance these expensive projects on the backs of taxpayers, especially when wealthy teams end up reaping most of the benefits.

Rovell notes that the Yankees ($431 million) and Mets ($185 million) have received the largest amounts of money in federal subsidies according to a report from the Brookings Institute published last September.

A study by the Federal Reserve Bank of St. Louis, published in 2001, concluded, “The weight of economic evidence, however, shows that taxpayers spend a lot of money and ultimately don’t get much back. And when this paltry return is compared with other potential uses of the funds, the investment, almost always, seems unwise.”

The public financing of sports arenas is essentially corporate welfare. The owners receive free money, making the hazy promise of helping to boost the local economy by creating permanent jobs. That is almost never true, as many stadium jobs are temporary and seasonal. In other words, the jobs created pay little and provide little, if any, benefits like health insurance. While the owners pocket profits created by the stadium and by criminally underpaying employees, those employees then become dependent on the government to survive. Walmart, for example, has been taking advantage of this for years. According to Forbes, Walmart’s low pay causes their employees to cost U.S. taxpayers an aggregate $6.2 billion in public assistance despite Walmart taking in $132 billion for the year ending April 30, 2016. Stadium owners create the same situation for their employees and for taxpayers.

Danny Duffy exits spring training game with left shoulder tightness

Danny Duffy
AP Images
Leave a comment

Royals’ Opening Day starter Danny Duffy weathered a minor scare during Saturday’s Cactus League game against the Diamondbacks. The left-hander was removed from his final spring training start after experiencing some left shoulder tightness in the second and third innings. No lasting damage appears to have been done — Duffy told reporters that he simply felt a slight ache, nothing more — and it looks like he’ll remain on track to open the season with the team next Thursday.

The 29-year-old southpaw is coming off one of his best performances to date. Despite losing a few weeks to an oblique strain and elbow soreness, he went 9-10 in 24 starts and finished the 2017 season with a 3.81 ERA, 2.5 BB/9 and 8.0 SO/9 over 146 1/3 innings. While Duffy entered camp with a clean bill of health, he struggled to execute against his spring training opponents and racked up 13 runs, four homers, seven walks and 11 strikeouts in 13 innings of Cactus League play.

The Royals are scheduled to kick off their home opener against the White Sox on Thursday, March 29 at 4:15 PM ET. Barring any further complications with his shoulder, Duffy will take the mound for the Royals, while James Shields is expected to make his first Opening Day appearance for the White Sox.