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cliffelam · 4167 days ago · link · · parent · post: Spending taxpayer dollars on sports stadiums will not help Detroit | Michigan Radio
I'll try. But, rationally, there is no money to spend. It's like a homeless person deciding medical school is his way out of poverty. Maybe so, but there's no way he's starting in September. -XC
Except that it's not the city paying. It may not benefit the city in the end; time will tell. But either way, no money is coming from the city's tax collections. The money is coming from a mix of private capital and state issued bonds, which are basically safe. Detroit's finances and Michigan's finances are quite different.