Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How Government Subsidies for Professional Sports Teams Actually Work
In Episode 80 of The Fiscal Policy Podcast with Fexingo, Lucas and Luna dive into the economics of subsidies for professional sports stadiums. They break down the real costs and benefits using the example of the Las Vegas Raiders' move to Allegiant Stadium, which cost Nevada taxpayers $750 million in public bonds. Lucas explains the promised economic impact—jobs, tax revenue, tourism—versus the academic consensus, which shows little to no net gain for local economies. Luna challenges whether the subsidies are a zero-sum game, and they discuss why politicians keep offering them despite…
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