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I am somewhat ashamed to admit I envy my mother because she does not have to work anymore. But I also have my fingers crossed on her account. As a retired social worker, she manages to pay her bills with her state pension. And I know that her retirement rests on a shaky foundation.
The Missouri Development Finance Board has approved its “share” (according to reports, $5 million) in bond purchases to help fund the first phase of construction of Ballpark Village, the development project located next to Busch Stadium in Saint Louis. That aid might be good news for the Cardinals, but it is bad news for taxpayers. The subsidies to Ballpark Village are just the latest example of the use of public money to help some of our wealthiest citizens - sports team owners —with little or no economic benefit for the city, region, or state