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Public subsidies for private purposes

Author

Listed:
  • William P. Osterberg

Abstract

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.

Suggested Citation

  • William P. Osterberg, 1991. "Public subsidies for private purposes," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
    • Handle: RePEc:fip:fedcec:y:1991:i:apr15
    as

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