Legault must say no to new Bronfman baseball subsidy proposal

Author: 2021/12/07

QUEBEC CITY, QC: The Canadian Taxpayers Federation is calling on Premier François Legault to reject billionaire Stephen Bronfman’s newly reported proposal to subsidize a part-time baseball franchise in Montreal.

“It’s clear why Bronfman preferred to negotiate behind closed doors: his project makes no sense,” said CTF Quebec Director Renaud Brossard. “It’ll take much more than a part-time team to get a good return on a billion-dollar project.”

La Presse is reporting that the project to bring back baseball and build a new stadium in Montreal, led by Bronfman, would cost a billion dollars. Bronfman is asking Quebec taxpayers for a financial contribution of “up to a few hundreds of millions of dollars.”

According to information obtained by La Presse, the government of Quebec is considering direct subsidies and so-called forgivable loans. Forgivable loans automatically transform into a subsidy if the project reaches certain objectives.

Under the proposal, Montreal would share a team with Tampa Bay and the team would play only half of its home games in Quebec.

Studies show 83 per cent of economists say subsidies for professional sports stadium are a net cost to taxpayers.

A literature review on the subject found economists are virtually unanimous on the fact that there’s no substantial proof that such subsidies lead to economic gains.

 “If you want to inject money into the local economy, it would be better to drop it from a helicopter than invest it in a new ballpark,” wrote economist Allen Sanderson.

“Is Legault really hoping to find economic benefits where Nobel prize winning economists only see economic losses?” asks Brossard. “The government must say a clear ‘no’ and save taxpayers millions by refusing to put money into a new ballpark.”

A Note for our Readers:

As you may know, we're working hard to stop Prime Minister Trudeau's attempt to add a 2nd carbon tax upon Canadian taxpayers. If you are against this tax, would you take a moment today to read and consider signing the petition below?

When you do, your name will be added to the growing list of tens of thousands across our country who want to tell the government that we are opposed to these new taxes. Please take a moment to read the petition below and consider signing it today.

To Prime Minister Justin Trudeau:

The federal government is introducing new fuel standard regulations to require industry to reduce the carbon content of fossil fuels. If industry can’t meet the standard, they’ll have to pay Trudeau's second carbon tax. This tax will ultimately hit already struggling families and businesses.

It’s bad enough that taxpayers are already paying for one carbon tax. Canadians certainly can’t afford a second carbon tax.

We, the undersigned, call on Prime Minister Justin Trudeau to scrap plans for a second carbon tax.

Looks good!
Please enter your first name
Looks good!
Please enter your last name
Looks good!
Please enter a valid email address
Looks good!
Please enter a valid postal code. Ex. K1K1K1