Field of Schemes: How the Great Stadium Swindle Turns Public
ISBN: , SKU: , AUTHOR: Cagan, Joanna / Mause de, Neil / de Mause, Neil, PUBLISHER: Common Courage Press, Are you a sports fan distraught over seeing your home team move to another city? Or a happy sports fan whose city has just lured that team to your home turf with a brand new stadium? Or maybe you don't follow sports, but as a taxpayer are decrying cutbacks in school funding and other services. Whoever you are, state and local officials have thrown you a financial curve ball. While President Reagan made famous the false and chiding comment about "welfare queens" who ride around in Cadillacs, Field of Schemes introduces you to some real welfare kings -- who not only prefer BMWs, thank you, but also know the meaning of fun: -- A millionaire pizza baron wants more corporate luxury seating than his historic old ballpark provides, so he demands a new stadium at taxpayer expense, saying the old one is falling down. A group of grass-roots activists reveal that his engineering reports are faked, and that it would be far cheaper to renovate the old ballpark -- but the city and state go ahead with the project anyway. -- A used-car salesman turned baseba11 team owner promises to pay for a new stadium out of his own pocket, if the state government just agrees to move a highway to clear the land. Several backroom deals later, the state is paying to move the highway and raising a quarter-billion dollars towards the stadium costs, -- and the team owner is getting his stadium scott-free. -- The billionaire co-founder of Microsoft wants to buy a football team, but only if the state will build him a new stadium first. So he pays the state $4 million to hold an emergency referendum -- then spends millions more in advertising to make sure he wins. In exchange, he gets over $400 million in statetax money to build his team's new home. -- When an economically depressed city is faced with losing its football team, it scrambles to allocate $220 million for a new, state-of-the-art stadium. The next day, the city school system announces that it plans to lay off up to 160 teachers and eliminate interscholastic athletics. -- A Sunbelt town builds a new arena at public expense in order to lure expansion basketball and hockey franchises to the region. Just nine years later, the city is forced to build two new arenas, one for each sport, to keep the teams from bolting town. Total cost: almost $400 million, including $50 million for the soon-to-be-abandoned first arena. From Seattle Sea Hawks owner Paul Allen of Microsoft to New York Yankees owner George Steinbrenner, from Tom Monaghan of Domino's Pizza who destroyed Tiger Stadium to the building of Camden Yards, the stories are all here in a uniquely accessible journalistic style that brings you up close and personal to the moguls -- to the activists protecting your wallet. You'll be gripped by the behind-the scenes threats and political machinations in this play-by-play draining of billions of dollars from the public treasury. Between and , U.S. cities spent some $1.5 billion on building or r
