Published: 2 years 69 days ago
Sacramento Bee: Beware of boosters promising an economic bonanza from a shiny new Sacramento arena.
As city and state officials kick the tires on proposals over the next months, you'll also be hearing and seeing a lot about how a world-class sports and entertainment venue would jump-start development and shower benefits across the region.
While the City Council seems adamant that no citywide tax money should go directly to an arena, there is bound to be some public contribution. Before that decision, officials should scrutinize any economic impact numbers with healthy skepticism – a lesson other cities have learned the hard way.
http://www.sacbee.com/2010/03/14/2603797/rosy-predictions-often-come-with.html
###