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Stadium Madness

Why have we spent more than $1.1 billion in the past decade on sports meccas?

By Tim Elfrink

Published on October 01, 2008 at 9:45am

It has been a bad year for sports venues. The Orange Bowl went boom. The Miami Arena imploded. Even the House that Ruth Built is no more.

Of course, at a time of economic Armageddon, we're building more. The Heat and Panthers already nailed us for a cool half-billion. FIU frittered away $50 million just to get started. And the Marlins are gonna stick taxpayers with a half-billion more.

Worse, all of the teams suck. The return is even worse than Freddie Mac or Bernie Mac or whatever it was before the government took over.

And hell, that's just the beginning. Face it — you got screwed.

Click on the image for a larger version.

Illustrations by Mark Poutenis