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[QUOTE="cuseinchina, post: 933787, member: 3079"]
you do because of the scale of the investment relative to the uncertain economic backdrop of a city in flux.  They have been able to attract some investment with tax breaks.  but a $500M stadium will require some public participation and some promised minimum return threshold.  Combining public and private financing de-risks the project from the taxpayer perspective and allows projects to go ahead that otherwise could not get done with either source of capital alone.        There are very few stadiums being built without some public support, Syracuse sure isn't going to get anyone to do it when their are better markets with more attractive demographics.  It doesn't mean its a bad investment, it just means you aren't going to get private investors to do the whole thing.

Again, my primary beef with your statements is not your objection to the stadium - it's that you somehow think public private partnership investing is Maoist or somehow worse for taxpayers and that couldn't be further from the truth.   The fact that they happen in china (along with Singapore, Germany, US, UK etc) is a testament to their move towards a freer more market oriented economy - the number of large US based insurance companies and pension funds directly investing in infrastructure projects in Asia is quite high and the scale is astonishing.
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