TPA Submits Testimony Against SB 718 Monumental Sports Arena

The Taxpayers Protection Alliance (TPA) submitted testimony opposing efforts to spend taxpayer dollars on a new arena for the Washington Capitals and the Washington Wizards in Alexandria, VA. The economic research has definitively found that these sorts of deals do not create the economic activity their advocates claim. Moreover, these deals consistently leave taxpayers on the hook for large sums over the course of decades.