“IS IT TRUE” FEBUARY 4, 2025

IS It TRUE that only three active Major League Baseball Stadiums in the United States were not built with taxpayer dollars?…those three are in Los Angeles, San Francisco, and St, Louis, with the last one being constructed more than 20 years ago?…those cities have had their share of financial mismanagement, and their stadium situations reflect a broader pattern of economic and political decision-making that isn’t always rational?…on the NFL side, The Rams’ moves between LA and St. Louis (and then back again) were a clear case of billionaire team owners leveraging cities against one another to extract the best deal—usually from taxpayers?

IS IT TRUE in St. Louis, The Dome at America’s Center (formerly the Edward Jones Dome, or “The Eddie”) has indeed become something of a white elephant since the Rams left for LA in 2016?… the stadium, which was built with significant public money ($280 million, with a total taxpayer burden exceeding $500 million over time), now mostly hosts conventions, concerts, and the occasional XFL game?… It’s a prime example of how cities can get burned when they build stadiums for teams that aren’t fully committed.

IS IT TRUE If Evansville is looking at this baseball stadium as an investment, it really needs to ask: What is the exit strategy if the team fails or moves?…history shows that when stadium deals go bad, it’s the taxpayers left holding the bag—not the team owners?… Evansville already has a bad track record of projecting and managing financial performance with the Ford Center.

IS IT TRUE If private investors believe a AAA team will make money in Evansville, let them take the financial risk. If they demand public money, it’s worth asking: Why can’t this stadium stand on its own as a profitable business?