Like many other areas across the country, Iowa politicians tried to bring Hollywood to where the tall corn grows by doling out taxpayer dollars. The hope, of course, was to use Hollywood to show what a great place Iowa is.
But the rules and oversight of the subsidy program were apparently lax, leading to waste. The Wall Street Journal explains.
Like the stadium and the convention center games before it, politicians playing the Hollywood Game have taken part in a prisoners' dilemma game that ends up simply transferring any value potentially generated a project into the hands of those who control it.