About that new stadium in Detroit…

Two years ago Detroit got approval to spend over $283 million of taxpayer money on a new arena for the Red Wings just six days after the city filed for bankruptcy even though the Red Wings’ owner is Mike Illitch the founder of the Little Caesar’s pizza chain who’s worth an estimated $5.1 billion.

And if you think that it’s OK because it will put the money back in the economy…

A major review of almost 20 years of studies showed economists could find “no substantial evidence of increased jobs, incomes or tax revenues”

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