Today I want to talk about two of the most wasteful city government purchases.
The worst is convention centers .. convention business is going down, but cities keep building bigger and better convention centers that mainly sit empty.
Building a billion dollar palace for no customers that is empty most of the time, is about as wasteful as city government gets. Thought of this with the Saturday December 31, 2011 WSJ editorial called: “Have We Got a Convention Center to Sell You!” http://online.wsj.com/article/SB10001424052970204720204577126603702369654.html
The second is sports stadiums. Millions spent for billionaires.
I honestly think if a teams loses a sports team it doesn’t mean much.
I don’t think it’s worth a billion dollars for LA to have a football team.
I don’t think sports teams should be able to have cities hostage for keeping teams in a 20 or even sometimes 10 year old arena.
What do you think?