Detroit Billionaires Get Hockey Arena as Bankrupt City Suffers

Hockey cc

We wrote about this a couple of weeks ago. Cities do very stupid things for their sports franchises. Politicians are so afraid a team might leave that they throw cash at owners. Residents likewise often abandon their senses when owners threaten bolting with a team.

(From Bloomberg)

“The left should be crying bloody murder,” Dalmia said. “Why are you diverting money that’s meant for Detroit school children to this guy’s pocket? And the right should be crying about crony capitalism. They could easily have passed another state law which allowed this money to go to fighting crime, or a bazillion other things.”

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