Michael LaFaive, director of the Morey Fiscal Policy Initiative, told Bloomberg News that more corporate welfare for a new hockey arena in Detroit won’t solve the city’s ills.

“There’s a long history of politicians promising a renaissance, a comeback, a rebirth, basing their rhetoric … [on] construction of a heavily subsidized building in the city of Detroit,” he said. “And we’ve shown that it hasn’t worked.”

Stay Engaged

Receive our weekly emails!

Related Articles:

Pistons Move to Downtown Comes With Big Taxpayer Price Tag

Flashy Projects Won’t Save Detroit: Here’s What is Hampering Recovery

Detroit Redefines 'Annual' To Take Much Bigger Income Tax Bite From Pro Athletes

Detroit’s Taxes, Regulations Keeping It Down

Party In Crony Capitalism Revolt Holds Convention at Government-Owned Hotel

Potential Corporate Welfare Binge Risks Second Michigan ‘Lost Decade’