The cold, cruel truth

These words of wisdom are from Ray Ratto's recent article on the A's stadium — Time to call A's owner for crying wolf on stadium — but the analysis holds just as true for the current San Francisco 49ers' request for a massive public subsidy from the City of Santa Clara . . .

the cold, cruel truth, proven again and again by economists everywhere, is that stadiums have not paid off for anyone except for the team owners.