On The Use Of Public Dollars To Fund A New NFL Stadium In Saint Louis

Corporate Welfare | March 24, 2015

By Joseph Miller and Michael Rathbone | Read Time 1 min

When considering whether the state of Missouri should publicly finance the construction and operation of a new professional sports stadium, policymakers should note that the consensus among economists is clear: sports stadiums do not generate significant economic growth or urban regeneration. They also do not substantially increase direct or indirect tax receipts, at least not to the level that matches large public subsidies.

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About the Author

Joseph Miller

Joseph Miller was a policy analyst at the Show-Me Institute. He focused on infrastructure, transportation, and municipal issues. He grew up in Itasca, Ill., and earned an undergraduate degree from Georgetown University’s School of Foreign Service and a master’s degree from the University of California-San Diego’s School of International Relations and Pacific Studies, with a concentration in international economics and China studies.

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About the Author

Michael Rathbone

Michael Rathbone was a policy researcher at the Show-Me Institute. He is a native of Saint Louis and a 2008 graduate of Saint Louis University, where he earned a bachelor of science degree in biomedical engineering. In 2010, Michael obtained an M.B.A. from Washington University in St. Louis with concentrations in finance and health care management. At the Show-Me Institute, Michaels policy areas included the state budget, taxes, public pensions, and public subsidies. He also delivered lectures to area high school students about the Great Depression from an economic perspective. Michael lives in Fenton.

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