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Subsidy watch

The Daily Illini talks with Professor Humphreys about his work on how professional sports teams affect local economies.

The Orlando Sentinel (registration required) carries a piece by radio commentator Evan Weiner, which combines economic reasoning and an array of facts about stadium subsidies across the country.

The Finance Professor discusses the issue in the context of an array of subsidies in New York State, prompted by the award of $66m to ....... Bass Pro Shops! I find it highly ironic that political forces can align to ban one big box store (Walmart) yet subsidize the arrival of another (Bass Pro Shops). And this is an empirical regularity - everyone knows about Walmart, but type "bass pro shops subsidy" into google and you'll be amazed at the results. Those redneck fishin' boys are highly skilled at securing funds from the public trough.