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Seattle’s Tale of Two Stadiums

Summary:
These days it’s hard to read the sports pages without a dose of business news. From D.C. to Vegas and L.A., the same story plays out over and over: Teams extract millions in public funding for stadiums through a high-stakes game of public relations posturing, shaky economics and political influence peddling. For a perfect illustration of what’s wrong — and for some hope — look to two new stadium deals in Seattle. In September the King County Council approved a 5 million subsidy to spruce up Safeco Field, home of Major League Baseball’s Mariners, in a contentious... Continue reading: Seattle’s Tale of Two Stadiums Photo credit: Stephen Brashear/Getty Images

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These days it’s hard to read the sports pages without a dose of business news. From D.C. to Vegas and L.A., the same story plays out over and over: Teams extract millions in public funding for stadiums through a high-stakes game of public relations posturing, shaky economics and political influence peddling.

For a perfect illustration of what’s wrong — and for some hope — look to two new stadium deals in Seattle.

In September the King County Council approved a $135 million subsidy to spruce up Safeco Field, home of Major League Baseball’s Mariners, in a contentious...

Continue reading: Seattle’s Tale of Two Stadiums

Photo credit: Stephen Brashear/Getty Images

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