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View Diary: Corporations get billions from cities and states but they often don't keep their end of the bargain (135 comments)

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  •  L.A. Raiders (2+ / 0-)
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    Utahrd, maracucho

    No story about the corporate fleecing of municipalities would be completed without mentioning the Los Angeles Raiders. In 1987, Al Davis convinced the city of Irwindale CA to put of $10 million as a down payment on the Raiders moving to that city. Turned out that Davis had no intention of moving his team to Irwindale, so he pocketed that $10M and moved the team back to Oakland. Since it was a non-refundable deposit, the City of Irwindale had no recourse and gave away $10M in return for absolutely nothing, except the ridicule and scorn it so rightfully deserved for being such chumps.

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