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A new city-owned sports stadium is expected to generate $25 million to the city (net of construction and maintenance costs and including $10 million in
A new city-owned sports stadium is expected to generate $25 million to the city (net of construction and maintenance costs and including $10 million in increased business taxes). It will also generate $30 million in business profits (before tax), $40 million in consumer surplus, and $12 million in external costs (pollution and traffic congestion, wear and tear on streets). According to this information, the stadium's total net benefit is
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