St. Louis is stuck with $144 million in debt and maintenance costs, after the Rams departed for Los Angeles (oddly enough it was once the LA Rams until they pulled a switcheroo and did it again to the detriment of the poor taxpayer).
I remember not too long ago the chorus of anti-municipal broadband types screaming about the waste of public money on broadband. Apparently, as long as the city spends our precious tax dollars on SPORTS, it’s fine, even if (a) the owner of the team and the league have tons of money; (b) the ticket prices are outrageous; and (c) the taxpayers are left with an empty stadium and debt.
What’s worse, the departing team is very rich and the league is taking a hands-off approach. This is nothing more than a wealth transfer from the average American taxpayer to the rich.
The next time someone here complains about cities “wasting” money on deploying broadband networks, wired and wireless, I will remind you about the obscene subsidies we all pay to these sports teams and their spoiled, overpaid owners and players. Would you rather have gigabit fiber or an empty rusting stadium?