Fan Freedom and Community Protection Act of 1995: Hearing Before the Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce, House of Representatives, One Hundred Fourth Congress, Second Session, on H.R. 2740, May 16, 1996, Volume 4 |
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antitrust exemption antitrust laws arena Art Modell Astrodome baseball Bob Lanier Chairman chise Cleveland Browns Commissioner Community Protection Act competition Congress Congressman County court criteria decision DINGELL dollars economic expansion franchise expansion team facilities Fan Freedom Fans Rights Act Federal forced expansion provision franchise relocation Freedom and Community gentleman hearing hockey Hoke bill Houston Oilers impact interest investor issue JACKSON-LEE Jacobs Field Jane Hague Judiciary Committee league's lease legislation litigation Major League mandate MANTON Martin Hoke Mayor Member Clubs ment million monopoly Nashville National Football League NEPI NFL team NFL's Ohio operations OXLEY Paul Tagliabue play players PREPARED STATEMENT problem professional sports professional sports leagues professional sports teams Raiders require revenue Seahawks Seattle sports fans sports franchise sports leagues stadium subcommittee Tagliabue taxpayers team owners Tennessee Thank tion vote WHITFIELD yield back
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Page 5 - Still one thing more, fellow-citizens, a wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned.
Page 108 - Nashville) with new stadiums can begin to compete with larger cities with older stadiums. Thus, the new stadium technology creates new economically viable cities and, thereby, exacerbates the imbalance between supply of and demand for sports franchises. This imbalance, in turn, leads cities imprudently to offer the kitchen sink in their effort to retain existing or to attract new teams. The cities build new stadiums costing in excess of $200 million, plus infrastructural expenditures and debt service...
Page 107 - MLB are monopoly sports leagues enables them to limit the supply of teams in their leagues below the effective demand for such teams from economically viable cities. This excess demand to host a professional sports team leads US cities to compete against each other. The tendency of sports teams to seek more hospitable venues has been exaggerated in recent years by the advent of new stadium technology. This technology replaces the cookie-cutter stadiums of the 1960s and 1970s with...
Page 40 - A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS Mr Chairman, and members of the subcommittee, I thank you for convening this hearing today on HR 2740, the Fan Freedom and Community Protection Act.
Page 62 - STATEMENT OF HON. LOUIS STOKES, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF OHIO - Mr.
Page 108 - Second, economic studies have shown that most public stadiums and arenas do not cover their own fixed and operating costs. Operating and debt service deficits mean that city or state governments will have to levy additional taxes. Higher taxes, in turn, discourage business in the area and reduce consumer expenditures, setting off a negative multiplier effect. Third, virtually all independent economic research has confirmed a diminutive or negligible economic effect from the relocation of a sports...
Page 109 - The main methodological problem with these studies is that they do not account for or do not sufficiently account for the difference between new and diverted (or gross and net) spending. People have only so much income that they will spend on leisure and entertainment activities. If they go to a ball game, it generally means that they are not spending the same dollars locally to go to the theater, to the movies, to a concert, to dinner, to rent a video and so on. That is, the dollar spent at the...
Page 63 - STATEMENT OF HON. JOHN GLENN, A US SENATOR FROM THE STATE OF OHIO Mr. Chairman and Members of the Subcommittee, thank you holding this hearing and giving me this opportunity to address the serious problem of sports franchise relocation.
Page 108 - ... teams. The cities build new stadiums costing in excess of $200 million plus infrastructural expenditures and debt service obligations that often double the cost of the project. Furthermore, when the state government is involved in financially supporting the effort, it generally requires the approval of parallel pork projects elsewhere in the state to secure the necessary votes in the legislature. Frequently, the stadium lease is on such concessionary terms that the city cannot even cover its...
Page 71 - Thank you, Mr. Chairman. Mr. OXLEY. The gentleman's time has expired. The gentleman from Ohio, Mr. Sawyer. Mr. SAWYER. Thank you, Mr. Chairman. We are reminded of a former Ohio insurance regulator who loved to talk about the advantage of having to compete with 50 monkeys instead of 1 gorilla. It seems to hold true. I am also reminded that the myth of Sisyphus may have been interpreted one way by...