December 30, 2024 – The Center for Economic Accountability has given its “Worst Economic Development Deal of the Year Award” for 2024 to Charlotte, N.C.’s city government for its deal to spend $650 million of public funds on renovations to Bank of America Stadium. The privately owned stadium is home to the NFL’s Carolina Panthers … Continue reading Charlotte’s Football Stadium Renovations Named 2024’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability
Washington Times op-ed: Taxpayers line up to be sacked by the Washington Commanders
In the Washington Times, CEA President John Mozena and Mercatus Center Senior Research Fellow Michael D. Farren blitzed Virginia's plans to massively subsidize a new NFL stadium at taxpayers' expense: Every business would love to have the government give back the taxes it pays — along with those paid by its employees and customers —to … Continue reading Washington Times op-ed: Taxpayers line up to be sacked by the Washington Commanders
Jaguars’ Stadium Proposals Ignore Economic Reality
When it comes to the Jacksonville Jaguars’ arguments in favor of taxpayer-funded upgrades for TIAA Bank Field, it’s time to blow the whistle on excessive economic promises. The team leadership’s claims that new public spending on the stadium would “provide a reasonable return on what will obviously be a sizable investment” by taxpayers long ago … Continue reading Jaguars’ Stadium Proposals Ignore Economic Reality
CEA Statement on Renaming of Subsidy-Grubbing Washington Football Team
On February 2nd, the NFL's Washington Football Team announced that it would be renamed the "Commanders." The Center for Economic Accountability took the opportunity to release a statement reminding Washington, DC-area sports fans and taxpayers of the team's terrible track record -- and likely future -- with its publicly financed stadiums. When it Comes to … Continue reading CEA Statement on Renaming of Subsidy-Grubbing Washington Football Team