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Report: Stadium, arena subsidies not worth it for taxpayers | National

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www.thecentersquare.com – By Jon Styf | The Center Square – 2024-10-07 11:47:00

SUMMARY: A Tax Foundation report reveals that taxpayer-funded subsidies for new or renovated sports stadiums often fail to deliver promised tax revenue and job growth. Research consistently indicates these subsidies merely redirect spending rather than generate new economic activity. Prominent examples in 2024 include proposed subsidies for the Tampa Rays and Chicago Bears, both at $2.4 billion. Critics argue such projects, like Philadelphia’s new arena, are often accompanied by misleading economic claims. Economists stress that cities, not teams, drive local economies, with several cities, such as San Diego and Seattle, thriving despite losing major sports teams.

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News from the South - Tennessee News Feed

AM Forecast (6/16): Warm and muggy today with hit or miss showers and storms

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www.youtube.com – WBIR Channel 10 – 2025-06-16 05:42:47

SUMMARY: Today will be warm and muggy with hit-or-miss showers and thunderstorms. Rain chances become more widespread Tuesday, bringing heavy rain especially late afternoon and evening. Wednesday will be hot, with highs in the mid to upper 80s and heat indices reaching the mid to upper 90s. Thursday sees more widespread rain and potential stronger storms. Summer officially starts Friday night, and the weekend will bring the first 90-degree highs of the year, with heat indices nearing triple digits. Be mindful of heat safety as you plan for the hot and humid conditions ahead.

Scattered showers and storms are possible each day through Thursday while remaining very muggy. Temperatures could reach the low 90s this weekend.

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TBI shares tips to prevent elder abuse

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www.youtube.com – WKRN News 2 – 2025-06-15 22:33:15

SUMMARY: The Tennessee Bureau of Investigation (TBI) emphasizes the importance of preventing elder abuse on World Abuse Awareness Day. Elder abuse involves physical, mental, sexual, emotional harm, neglect, or financial exploitation of vulnerable seniors. TBI prioritizes prosecuting offenders swiftly to ensure justice. Special Agent Brock urges reporting suspicious injuries or situations to Adult Protective Services, local law enforcement, or TBI’s Medicaid Fraud Control Division, which recovers millions in fraud annually—yielding over $3 returned per dollar spent. The issue is widespread: about 10% of seniors aged 65+ face elder abuse yearly, but only 1 in 14 cases are reported, highlighting the need for community vigilance.

For nearly 20 years, people have recognized June 15 as World Elder Abuse Awareness Day.

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Grizzlies trade Desmond Bane to the Orlando Magic

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www.wkrn.com – Raven Moore – 2025-06-15 14:51:00

SUMMARY: The Memphis Grizzlies have traded veteran guard Desmond Bane to the Orlando Magic. In return, Memphis receives Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks (2025, 2026, 2028, 2030), and a lightly protected 2029 pick swap. Bane, drafted in 2020, averaged 17.8 points over five seasons and recently signed a five-year, \$197 million extension. Caldwell-Pope, a two-time NBA champion, averaged 8.7 points with Orlando in 2024. Anthony, also a 2020 first-round pick, averaged 12.5 points during his time with the Magic. The trade represents a major roster shift for both teams heading into future seasons.

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