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Message: [QUOTE="cuseinchina, post: 1055050, member: 3079"] Yes but a stadium has many ancillary effects, both positive and negative, that have a very direct impact on the city in which it is (or isn't) built. The taxpayers have a stake in this whether their capital is invested or not. And if an owner can choose where to build based on availability of public subsidy as is clearly the case, it's up to elected officials to think about he intangibles implicit in a stadium and decide (as it is their job to do so) if those intangibles justify the investment of the taxpayer funds that they have been elected to steward on behalf of the people. Both you and Millhouse are looking at this through an 'all-else-equal' lens that ignores many many important factors in this kind of decision making. In the real world, nothing is held constant which is why that level of analysis always falls flat in the real world despite its simplistic appeal. [/QUOTE]