Sunday, January 11, 2015

St. Louis resigned to losing the Rams

Tim Logan, formerly of the Post-Dispatch, wrote an interesting article for the LA Times describing the mood in St. Louis about the Rams: In St. Louis, Rams fans seem resigned to losing football team.

Yours truly was quoted in the article:
The Rams do bring value to the St. Louis region, said Howard Wall, an economics professor at Lindenwood University in suburban St. Charles. But in a cash-strapped state with many needs — from roads to schools to the aftermath of this summer's unrest in Ferguson — shelling out for a football team doesn't seem so essential. 
With such pressing priorities, Wall said, many are asking: "Should we spend a half-billion dollars on a football stadium for a billionaire?"
Also see my post from yesterday on the economics of publicly financing of stadiums.