Public Funds
The stadium proved highly controversial because it would have been a major construction project requiring public financing. Though many of its opponents supported the larger West Side development program, they questioned the economic benefit of a stadium which would have spent much of its time unused, as well as the general premise of subsidizing a football team which generates hundreds of millions of dollars in revenue for a private owner. Opponents felt that the budget could be better spent on mixed-use facilities. Supporters of the stadium said the cost to the city (over $1 billion) was an investment and would create thousands of jobs and billions in commercial revenue for the area, perhaps leading to increased tax revenue that could be used for vital infrastructure.
Read more about this topic: West Side Stadium
Famous quotes containing the word public:
“Realizing that his time was nearly spent, he gave full oral instructions about his burial and the manner in which he wished to be remembered.... A few minutes later, feeling very tired, he left the room, remarking, ‘I have no disposition to leave this precious circle. I love to be here surrounded by my family and friends.’ Then he gave them his blessing and said, ‘I am ready to go and I wish you goodnight.’”
—For the State of New Hampshire, U.S. public relief program (1935-1943)