We shouldn't be shocked to discover that the Marlins paid off a bunch of local politicians. We should be shocked that someone might actually do something about it. Because I can promise you, with metaphysical certitude, that there's not been a ballpark built in this country in the last 100 years that didn't include some crooked dealings between the moneyed class and the elected class.
...
Our government has never worked perfectly, and never will. No government has, or ever will. What we can do is look at individual cases, and attribute degrees of brokenness. Houston? Hard to say without doing some research. I suspect that Drayton McLane made some targeted contributions that didn't hurt his case, and I suspect he outspent his opponents on the way that slim margin of victory in the ballpark referendum. My personal opinion is that elections shouldn't hinge on who's got more money to spend. The Supreme Court disagrees with me. Que sera, sera.
The Washington Nationals' new ballpark was built over the objections of nearly everyone, to the point that the politicians who finally made it happen were almost immediately voted out of office. But once you've spent the $686 million, it's gone. Where has it gone to? Well, someday the current owners of the franchise will make a tidy little profit, financed largely by the District of Columbia.
How broken was that process? Again, it's hard to say.
But let me be the first to say, Praise the SEC and pass the ammunition. We know the process that resulted in a $634 million project for the Marlins, financed almost completely by the citizens, was broken. They all are. But this time there's actually a chance that we'll find out how broken. And that someone -- and my wouldn't this be delicious -- might actually go to jail.
No, we shouldn't get our hopes up. There will be powerful forces trying to protect the millionaires and the billionaires, just as there always are. But usually the SEC doesn't get involved unless they've got a pretty good reason.
Friends, that $634 million is gone. But we might at least hope that if someone goes to jail, or pays a fine that actually hurts a little, there might be some small chilling effect on the perfidy that leads to these deals. Maybe the system would be just a little less broken, for a while.
Oh, except it really won't matter for a while. Because nearly all of the ballparks that anyone wanted have already been built. Thanks a lot, Securities & Exchange Commission. Your timing, as always, is impeccable.