Greg LeRoy: The Cost of the Proposed Arena Deal

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This week, Michael is joined by Greg LeRoy, author of The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation to break down the proposal to build a $2 billion sports arena in Alexandria. The proposal claims 30,000 jobs will be created in return for Virginia taxpayers footing the initial cost--but LeRoy says "economic development" projects don't create lasting jobs and tend to shuffle around existing money. They break down the mechanics of the deal, the costs and benefits, and how state subsidies for the arena might not be worth it after all.