From the July/August 2010 issue (Ideas) of the Atlantic magazine:
Note that Atlantic Yards, as with the new baseball stadiums, is not directly publicly financed in the blatant way some other sports facilities are, but relies on significant infrastructure subsidies, tax breaks, and a tax-exempt financing scheme that the Treasury Department no longer allows. (Plus, I should add, the giveaway of naming rights.)
Ideas That Have Outlived Their UsefulnessI think Neil deMause of Field of Schemes (interviews) was ahead of the curve on this one.
•The mortgage-interest deduction
•Jared from Subway
•Publicly financed stadiums
Note that Atlantic Yards, as with the new baseball stadiums, is not directly publicly financed in the blatant way some other sports facilities are, but relies on significant infrastructure subsidies, tax breaks, and a tax-exempt financing scheme that the Treasury Department no longer allows. (Plus, I should add, the giveaway of naming rights.)
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