MLS Stadium Funding: A classic chicken or the egg debate
My favorite writer, Benjamin Hochman (laughter uncontrollably ensues) posted a predictable article today on STLToday.com , begging for support for public tax dollars at the state and local levels for a new MLS stadium in St. Louis. The funding of a new stadium, and the aid and profits it locks in for the potential owners of the new SC STL owners, are a hot topic debate currently as a deadline to get the possible funding on ballots in April looms closer. Of course this is a hot topic and very touchy right now in St. Louis. And it is of course for a simple reason. It is a classic chicken or the egg example of public dollars interfering with private business. Let me explain. A new stadium for a MLS team is the chicken . The idea, one that has been tried time and time again, is if St. Louis and the state of Missouri invest in this chicken, then the eggs (more businesses relocating to St. Louis, population growth) will come, resulting in a higher tax base to support scho...