Why the federal government should stop spending billions on private sports stadiums

It seems as though tax dollars have been used to build sports stadiums for ages, and indeed they have.  The first team to introduce the concept was the 1953 Boston Braves moved to Milwaukee in order to build a stadium that was not privately funded.  Since then, more and more stadiums have been build using tax dollars, but is it worth it?

The three authors of "Why the federal government should stop spending billions on private sports stadiums" certainly do not think that federal financing is a good idea.  Based on their statistics that found the overall federal subsidies given toward the stadiums as well as the total revenue lost on using tax exempt muninciple bonds for the building.  Their evidence shows that there is indeed little reason to federally fund stadiums.

In addition to finding the funding on the stadiums, the authors looked into the local economic effects in areas where stadiums were built.  They found little to no evidence showing that stadiums helped economic developement, income growth, or job creation.

https://www.brookings.edu/research/why-the-federal-government-should-stop-spending-billions-on-private-sports-stadiums/#revenue-loss