Kemper Arena: Dead to spectators, alive to bondholders

Lusting for the new and shiny, government entities across the U.S. have demolished or mothballed sports stadiums and arenas with outstanding debts.

The New York Times recently described the phenomenon, focusing on the $110 million debt that New Jersey owes for a football stadium that’s now a parking lot. The story mentioned Kansas City without identifying our albatross: Kemper Arena.

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