Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums, Page 3
Roger G. Noll, Andrew Zimbalist
Brookings Institution Press, Mar 1, 2011 - Business & Economics - 525 pages
America is in the midst of a sports building boom. Professional sports teams are demanding and receiving fancy new playing facilities that are heavily subsidized by government. In many cases, the rationale given for these subsidies is that attracting or retaining a professional sports franchise—even a minor league baseball team or a major league pre-season training facility--more than pays for itself in increased tax revenues, local economic development, and job creation.
But are these claims true? To assess the case for subsidies, this book examines the economic impact of new stadiums and the presence of a sports franchise on the local economy. It first explores such general issues as the appropriate method for measuring economic benefits and costs, the source of the bargaining power of teams in obtaining subsidies from local government, the local politics of attracting and retaining teams, the relationship between sports and local employment, and the importance of stadium design in influencing the economic impact of a facility.
The second part of the book contains case studies of major league sports facilities in Baltimore, Chicago, Cincinnati, Cleveland, Indianapolis, San Francisco, and the Twin Cities, and of minor league stadiums and spring training facilities in baseball. The primary conclusions are: first, sports teams and facilities are not a source of local economic growth and employment; second, the magnitude of the net subsidy exceeds the financial benefit of a new stadium to a team; and, third, the most plausible reasons that cities are willing to subsidize sports teams are the intense popularity of sports among a substantial proportion of voters and businesses and the leverage that teams enjoy from the monopoly position of professional sports leagues.
What people are saying - Write a review
Thank you for making this available. One more unsighted source as to the adaptation and integrity to Candlestick Park as a Public Park and America's 1st Concrete Rebar Multipurpose stadia. Points the light at how to use a stadium and manage them.
The Economic Impact of Sports Teams and Facilities
The Employment Effect of Teams and Sports Facilities
Subsidizing Stadiums Who Benefits Who Pays?
Direct Democracy and the Stadium Mess
Stadiums and Urban Space
Stadiums and Major League Sports The Twin Cities
Baltimores Camden Yards Ballparks
Bearing Down in Chicago Location Location Location
Clevelands Gateway to the Future
Stickball in San Francisco
Minor League Teams and Communities
Sports Jobs and Taxes The Real Connection
Sports Politics and Economics The Cincinnati Story