Based on what’s going on in Washington, D.C., my prediction on the eventual public subsidy of the proposed Dynamo soccer stadium in Houston may be a tad low. With D.C.’s proposed $150 million public subsidy for about 25,000 seats, that works out to $6,000 per seat for what amounts to minor league soccer. Is there any rational argument that such an outlay could possibly be worth it for D.C. citizens?

By the way, Dennis Coates, the professor of economics at the University of Maryland-Baltimore County whose recent op-ed on public subsidies for stadiums was featured here,  narrates the short Reason.TV video below on the same subject, focusing on the Washington Nationals new stadium (H/T Skip Sauer) :