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Sports, Jobs, and Taxes : The Economic Impact of Sports Teams and Stadiums

Overview

This book examines the economic impact of new stadiums or a sports franchise on the local economy. It 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 effects of a facility. The book also contains case ...
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Overview

This book examines the economic impact of new stadiums or a sports franchise on the local economy. It 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 effects of a facility. The book also contains case studies of major league sports facilities in Baltimore, Chicago, Cincinnati, Cleveland, Indianapolis, San Francisco, and the Twin Cities and of minor league baseball stadiums and spring training facilities. The primary conclusions are the sports teams and stadiums are not a source of local economic growth and employment; the size of the net subsidy exceeds the financial benefit of a new stadium; and cities are probably willing to subsidize sports teams because of 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.
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Product Details

  • ISBN-13: 9780815761112
  • Publisher: Brookings Institution Press
  • Publication date: 10/28/1997
  • Pages: 540
  • Sales rank: 441,961
  • Product dimensions: 6.00 (w) x 9.00 (h) x 1.20 (d)

Table of Contents

1 "Build the Stadium - Create the Jobs!" 1
2 The Economic Impact of Sports Teams and Facilities 55
3 The Employment Effect of Teams and Sports Facilities 92
4 Subsidizing Stadiums: Who Benefits, Who Pays? 119
5 Direct Democracy and the Stadium Mess 146
6 Stadiums and Urban Space 178
7 Stadiums and Major League Sports: The Twin Cities 208
8 Baltimore's Camden Yards Ballparks 245
9 Sports, Politics, and Economics: The Cincinnati Story 282
10 Bearing Down in Chicago: Location, Location, Location 324
11 Cleveland's Gateway to the Future 355
12 Stickball in San Francisco 385
13 Spring Training 427
14 Minor League Teams and Communities 452
15 Sports, Jobs, and Taxes: The Real Connection 494
Contributors 509
Index 511
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