Should Sacramento Subsidize a New Arena for the Kings?

at 10:00 AM
 (Thearon W. Henderson/Getty Images)

Should public money be spent to subsidize sports arenas? It's an old debate playing out in Sacramento. The City Council has approved a plan to build a new arena for the city's pro basketball team, the Kings, using a $258 million taxpayer subsidy. Will the investment pay off in jobs, economic development and civic pride? Or will the city struggle to pay off the costs in the long run, as other cities that have built major arenas have in the past?

Guests:

John Hyde, spokesperson for Sacramento Taxpayers Opposed to Pork (STOP), a group opposing the public subsidy

Tab Berg, member of Voters for a Fair Arena Deal, one of the citizen groups taking issue with the proposed arena subsidy

Victor Matheson, professor of economics specializing in sports economics at the College of the Holy Cross

Micah Weinberg, senior policy advisor, Bay Area Council

Marcos Breton, columnist, Sacramento Bee

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