Because it doesn't work for sports stadiums. It works in the sense of corporate welfare, but it is not a net gain for the community.

https://www.brookings.edu/blog/brookings-now/2016/09/09/top-...

http://www.pbs.org/newshour/rundown/public-money-used-build-...

https://www.forbes.com/sites/jeffreydorfman/2015/01/31/publi...

https://www.youtube.com/watch?v=xcwJt4bcnXs

It's sad watching cities fall over themselves to give Amazon (a half a trillion dollar company) a handout. Handouts no one can afford.

> (but where cities take the hit if the company town fails)

As a country [1], states [2], and many municipalities [3], we're very much insolvent as it relates to future obligations. Could we please stop supporting reckless behavior making it worse?

[1] https://www.washingtonpost.com/news/fact-checker/wp/2013/10/...

[2] https://www.bloomberg.com/graphics/2017-state-pension-fundin...

[3] https://govrank.org/research/researchText/61