Let them sell others on their notion and together risk their capital in the hope that still others will voluntarily pay to utilize such facilities to prove that the projected economic benefits are truly forthcoming. That is why we have capital markets and why we claim to thrive on a free market system. The people who believe in the economic benefits of such projects are supposed to go to the market place and sell equity or debt to finance their beliefs. Thus they test their conviction that others are willing to voluntarily take capital risk in return for some portion of the projected economic reward. We have capital markets as the first and last resort for generating economic benefits in a free society.
Government is neither the first nor the last resort.
Government in our society is supposed to protect our property rights and the personal liberties that are founded upon the primary property right of self ownership. Government exceeds its constitutional mandate when it takes by force, or threat of force, that which each person produces as a byproduct of his or her self ownership. Thus it can be asserted logically that our personal liberties are stolen when our primary property right in our selves is undermined by taxation for anything other than protecting our individual rights, such as for defense and an equitable judicial system. Unfortunately, government officials, in wielding their coercive power, have attracted the political contributions of businessmen and others to use the power of taxation to avoid the judgment of the capital markets when it comes to such things as stadiums and convention centers. Putting such corporate welfare schemes before the electorate and claiming justification for the forcible taking of money through taxes, just because a majority of the minority of those that vote may sanction the taking, misses the moral flaw in the process.