Twenty-six economists are coming together to oppose spending public money to subsidize the construction of a new soccer stadium for D.C. United.
The economists, organized by Professor Brad Humphreys of the University of Alberta, plan to release a letter Tuesday declaring any public investment "will not generate notable economic or fiscal benefits for the city".
D.C. lawmakers have tentatively proposed spending at least $150 million to subsidize the stadium's construction. The stadium would be part of a larger development at Poplar Point that is already under development. The development will sit directly across the Anacostia River from the new Nationals Park.
The Washington Post reports that the stadium subsidy plan has not found a champion in District government. While many officials show tepid support, no one has stepped forward to lead the efforts.
Victor MacFarlane, the D.C. United owner, has reportedly been in preliminary negotiations with Prince George's County officials about building a stadium in the suburbs.
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