Monday, July 29, 2013

Bankrupt Detroit moves ahead with stadium

Highlighting and proving yet more useful future examples of how not to do economic development (WalterRussellMead). The evidence that publicly funded stadiums are a bad idea (Reason), is pretty universal (theAtlantic). And yet, they do so anyway. That they are moving ahead in already bankrupt Detroit on a half a billion dollar stadium, makes me think that Reason is right - Detroit won't get a chance at a second act.

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