God bless those folks in Los Angeles. It seems they're not quite as dumb as they look after all.
This after city officials held up a hand and said "Not so fast" to plans for an NFL stadium. The sticking point is the $300 million in bonds the deal is asking the city to pony up, a number L.A. doesn't seem prepared to swallow given the dubious return on the investment.
Professional sports franchises have long snake-oiled municipalities by trumpeting the supposed civic benefits of gargantuan stadiums with choke-a-horse price tags, but more and more the municipalities are starting to see through the con. The fact is, stadiums don't create jobs and provide minimal economic benefit while sucking up limited resources that could be put to better uses -- more and better schools, more and better amenities, decent wages for city workers.
So good for L.A., even if it's in the unique position of not really needing an NFL team. It's survived two decades without one just fine, and it'll go on surviving without one.
In the meantime, a lot of other cities should take note, and deliver the appropriate message:
More libraries. Fewer touchdowns.