Michael Rathbone on Stadium Sweetheart Deals

Corporate Welfare |
By Michael Rathbone | Read Time 1 minute

Michael Rathbone talks about the fairness of public financing for stadiums. Currently, $24 million in taxpayer money is spent annually for the original construction of the Edward Jones Dome. Saint Louis City taxpayers contribute $6 million of that. Saint Louis County taxpayers contribute another $6 million. And the state of Missouri contributes $12 million from the public coffers each year, but it doesn’t make sense that Springfield and Joplin residents are paying for a stadium that they rarely use:

 

About the Author

Michael Rathbone was a policy researcher at the Show-Me Institute. He is a native of Saint Louis and a 2008 graduate of Saint Louis University, where he earned a bachelor of science degree in biomedical engineering. In 2010, Michael obtained an M.B.A. from Washington University in St. Louis with concentrations in finance and health care management. At the Show-Me Institute, Michaels policy areas included the state budget, taxes, public pensions, and public subsidies. He also delivered lectures to area high school students about the Great Depression from an economic perspective. Michael lives in Fenton.

Similar Stories

Support Us

Headline to go here about the good with supporting us.

Donate
Man on Horse Charging