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• ↓ Friday roundup: Cleveland, Nashville keep throwing good stadium money after bad
• ↓ KCUR gets Royals stadium math all wrong (again)
• ↓ No, the 2028 Olympics won’t be a $20B boon to the SoCal economy
• ↓ Hochul says $1B Bills stadium spend was to meet fan demands, make “better deal for taxpayers,” other things that aren’t true
• ↓ Ishbia to ask for taxpayer “infrastructure” spending for White Sox stadium
• ↓ DC officials battle over giving United owners $300m to upgrade 8-year-old stadium
• ↓ Top Alternatives to fieldofschemes.com

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"Kansas City NPR station KCUR, which has a pretty bad record of trying to explain stadium financing, set out to do an explainer today on the city’s plan to spend $600 million toward a new Royals stadium, and how’d that go?"

"The plan to pay the $600 million Kansas City plans to borrow for or spend on the downtown Royals stadium relies on tax revenue that wouldn’t exist without the new ballpark."

"Ooh, not great! Most of the $600 million would be paid off with tax revenue that wouldn’t exist at the ballpark — the money would come from increased sales and income tax revenues in the stadium district — but it could very well just be substituting for money that would no longer be spent at the Royals’ current stadium, or at restaurants elsewhere in the city, say. As J.C. Bradbury writes in his new book This One Will Be Different, in a quote that deserves to become as well-known as Allen Sanderson’s about the helicopter, crediting spending at a new stadium as all increased revenue for your city is “like moving a $100 bill from your right hand to your left, and then declaring that the money in your once-empty hand represents a financial windfall of $100.”"

"If revenue projections come up short, the city still has to cover the bonds through alternative means since the Royals have “no obligation to repay” those bonds."

Key Topics & Focus Areas for fieldofschemes.com:

Friday roundup: Cleveland, Nashville keep throwing good stadium money after bad

KCUR gets Royals stadium math all wrong (again)

No, the 2028 Olympics won’t be a $20B boon to the SoCal economy

Hochul says $1B Bills stadium spend was to meet fan demands, make “better deal for taxpayers,” other things that aren’t true

Ishbia to ask for taxpayer “infrastructure” spending for White Sox stadium

DC officials battle over giving United owners $300m to upgrade 8-year-old stadium