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Chicago White Sox owner Jerry Reinsdorf desires a new stadium for his club, one built largely at public expense, but Illinois Gov. J.B. Pritzker may not be inclined to give him what he wants, as the Chicago Sun-Times notes. "I start out really reluctant," Pritzker said on Monday in a press conference unrelated to the stadium issue, " … unless a case is made that the investment yields a long-term return for the taxpayers that we can justify in some way. I haven't seen that yet."

Academic studies on the public benefit of investing tax dollars in private sports facilities say in effective unanimity that it's a poor use of money. The purported economic benefits of stadiums such as the one the White Sox want to build are wildly overstated by advocates of such projects, and then there's the matter of the opportunity cost of plowing public monies into such projects.

In the White Sox's case, Reinsdorf is seeking $1.7 billion in direct public investment plus tax kickbacks. As Field of Schemes' Neil DeMause notes, that would make it the largest stadium subsidy in U.S. history.

Read more: https://www.cbssports.com/mlb/news/il...

Chapters:
0:00 I am GENUINELY concerned, here
1:06 Bad RECORD
2:11 Declining ATTENDANCE
4:09 Seeking a new STADIUM
5:55 Seeking $1.7B PUBLIC FUNDS
7:24 Two team MLB market with CUBS
8:35 Takeaways Checklist

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