You're being downvoted, but you're not wrong. Under the guise of things like public-private partnerships, public money is increasingly funneled to private interests. Look at the humble TIF. Does your city need a big-ass stadium that won't actually help development or build community? Cool! Let's draw a border around several blocks and capture all of the tax increases for 20 years and then give it to a private company. Once that's over, the company can collect on the next boondoggle while everyone wonders why their city is a decaying, boring place to be, ultimately resulting in demolition of the stadium.
This cycle repeats forever.