Federal Reserve Bank of Cleveland
Public subsidies for private purposes
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.
Cite this item
William P. Osterberg, "Public subsidies for private purposes"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Apr, 1991.
Keywords: Municipal finance ; Securities; Tax-exempt
This item with handle RePEc:fip:fedcec:y:1991:i:apr15
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