Journal Article
Public subsidies for private purposes
Abstract: A discussion of the use of municipal debt issues to fund publicly supported stadiums, focusing on the role of federal tax exemption as a hidden subsidy in reducing local funding costs and on the rationale for seeking public subsidies of private, local facilities.
Keywords: Municipal finance; Securities, Tax-exempt;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1991
Issue: Apr
Order Number: 2