Stadium swindle: The $500M heist from taxpayers to give a handout to a billionaire

The Arizona State Legislature is considering a bill that would further subsidize the 27-year-old Chase Field, which taxpayers provided more than $250 million to help build in 1998, in order to support the Arizona Diamondbacks. But why should taxpayers be asked to foot the bill once again for a venue that is public in name only?

Forbes estimates the Diamondbacks to be worth $1.6 billion — after being purchased for only $238 million in 2004 — and co-owner Ken Kendrick supposedly has a net worth of more than $1 billion.