Cape Town Stadium: Socializing Debt, Privatizing Profits

Peter Alegi has written a follow-up to his 2007 and 2008 articles on South African stadium construction over on his blog. “Since PSL matches in Cape Town rarely draw more than a few thousand spectators, and rugby already has an excellent stadium at Newlands, local taxpayers must now shoulder the World Cup debt burden long into the future.”

Full text: http://www.footballiscominghome.info/the-hosts/cape-town-stadium/