Tuesday, July 12, 2011

Cincinnati Bengals: Paul Brown Stadium is the "one of the worst deals ever"

This WSJ article doesn't hold back on how bad the deal was to build the Bengals and Reds one stadium each. Check it out.

An analysis by The Wall Street Journal shows that of the 23 National Football League stadiums built or renovated between 1992 and 2010, only two involved a single county government willing to shoulder the debt burden necessary to build costly new facilities. Of those 23 deals, the Bengals pact was unusually lopsided in favor of the team and risky for taxpayers—the result of strained negotiations between a local government and the professional sports team it was anxious to keep.

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