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Taxpayers will pay $1 million to tear down $18 million baseball stadium that predictably failed to rejuvenate Camden

Eric Boehm  |  December 6, 2018

“Camden's not the only city to dump a ton of money into a minor (or major) league ballpark under the guise of economic development, only to see the project become a fiscal black hole.  … 'If there's a lesson here, it's that minor-league baseball stadiums are incredibly risky gambles,' writes Neil deMause, author of the book Field of Schemes. 'It's the rare team that brings in tons of fans after the initial honeymoon period and it's all too easy for a team to relocate or fold years before the stadium is paid off even if the team is helping to pay off the stadium debt, which it usually isn't.'"

Read the full article on: Reason

 
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