Meet the Private Equity Firm Squeezing America for Baseball Stadium Subsidies

For example, earlier this year, the Maine legislature approved a $2 million tax credit for Diamond Baseball Holdings to upgrade the stadium of the Portland Sea Dogs, even though the construction was already mostly finished. As Maura Pillsbury of the Maine Center for Economic Policy pointed out, before receiving that money, Diamond Baseball Holdings had received $275 million collectively in stadium subsidies across the country for its minor league baseball teams.

Click here to read the full story, first published May 17, 2024 in Boondoggle.