Report: Billionaires Rely On Public Assistance To Build Sports Stadiums

Though often touted as key to a city’s prosperity, expensive sports stadiums are rarely worth the investment.

Despite having billions in personal wealth, the owners of professional sports teams are increasingly relying upon taxpayer subsidies to pay for stadiums or renovate existing ones, ThinkProgress reports. Across the U.S., taxpayers have been asked to foot the bill for lavish stadiums that have gone over-budget by some $10 billion in recent

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