Louisville

Getting STIF[ed]: Louisville’s Yum! Center, Sales-Tax Increment Financing, and Megaproject Underperformance

September 2, 2020 // 0 Comments

By Robert Sroka (University of Michigan) | Cities getting fleeced by professional sports teams on stadium and arena deals is nothing new. Nor is the underperformance of infrastructure megaprojects, which frequently go over budget, take longer than expected, or fail to meet revenue targets. Despite sports facilities representing some of the most financially significant and visible megaprojects that many cities will contemplate, there is often a disconnect between discussions of sports venues and the larger suite of infrastructure megaprojects. Read More