Profile image
By Reason Magazine (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Taxpayers Vote To Finance New Texas Rangers Stadium

Tuesday, November 8, 2016 22:57
% of readers think this story is Fact. Add your two cents.

Lighting your future allowance on fire.Arlington (Texas) voters appear to have approved a measure which will

provide substantial public financing for a new $1 billion stadium for MLB’s Texas Rangers, according to

Votes in support of handing over a fortune in taxpayer funds to a private company owned by a billionaire appear to be leading the opposition by 20 percentage points, with 132 of 137 precincts reporting.

Just three weeks ago, polling for the measure revealed a toss-up. And although local officials promised the costs would be split 50-50 between the team and the public, the fine print of the master agreement for the proposed deal allows for what’s been called a “sleight of hand” regarding the actual financial arrangement, which could make the public’s responsibility for paying for the stadium upwards of 80 percent to the team’s 20 percent.

While this wouldn’t be the first time taxpayers have sealed their own fate by offering their approval at the ballot box for such corporate handouts, the overwhelming numbers (if they hold up) in support of this particular deal to replace a publicly-financed stadium (that’s only 22 years old!) with an even grander public investment is a disappointing surprise, to say the least.

Read my recent coverage of the proposed Rangers stadium deal here, and check out more Reason coverage on the never-ending epidemic of publicly financed sports arenas revealing themselves as the crony capitalist boondoggles they are.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.