One answer is that the towns elected officials thought that the project served a public purpose and that the various subsidies and favors were worth the price. But they may or may not have thought this.
Michael KinsleyAmong the social sciences, economists are the snobs. Economics, with its numbers and graphs and curves, at least has the coloration and paraphernalia of a hard science. It's not just putting on sandals and trekking out to take notes on some tribe.
Michael KinsleyWhat could be more absurd than the idea that genuine anti-Christian prejudice is a major force in American politics.
Michael Kinsley