the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Apr 25, 2022
Maryland’s governor and legislature have agreed for Maryland to borrow 1.8 billion dollars to renovate sports stadiums and subsidize nearby development. This includes 600 million dollars each for the Orioles baseball and Ravens football stadiums in Baltimore, which each only cost 100 million dollars to build 20 and 30 years ago. The rest is 400 million dollars for developers in the area around the Washington Commanders football stadium in Prince George’s County, and 200 million dollars for various minor league stadiums.
Officials have not explained exactly what the money borrowed will pay for. Luxury viewing rooms for richer fans, maybe? These stadiums are not falling apart. Pricey renovations have been ongoing for years, costing around 20 million dollars per year for a long time now.
And how will the 1.8 billion be repaid, plus all the interest? By raising prices for tickets, food, and drinks at sports events, no doubt! What used to be affordable enjoyment for working class people has become a bottomless source of profits for big investors.