The Sports Stadium as a Municipal Investment

The Sports Stadium as a Municipal Investment

by Dean Baim
     
 

This unique book gives a measure of the direct financial costs and benefits to a city of constructing a sports stadium without injecting biases and values into the situation. The literature on the indirect economic impact of these projects is reviewed and discussed. Private and public stadium projects are compared with respect to construction costs, use, and

Overview

This unique book gives a measure of the direct financial costs and benefits to a city of constructing a sports stadium without injecting biases and values into the situation. The literature on the indirect economic impact of these projects is reviewed and discussed. Private and public stadium projects are compared with respect to construction costs, use, and amenities. The work has an introduction that deals with the justification of subsidies, a comparison of ownership plans of the facilities, and a review of the literature. Following this are 15 chapters dealing with individual stadium projects. A summary and analysis of financial and non-financial data are followed by a conclusion.

Editorial Reviews

Booknews
Analyzes the economic implications of public subsidies for or public ownership of huge sports stadiums. Among the findings are that such subsidies always cost the taxpayer money and benefit the fan little if at all, that the costs are almost always for construction and so non-recoverable, and that the terms a city must offer to attract a major league team rarely pay even operating expenses let alone initial investment. Concludes that perhaps non-economic benefits outweigh the financial losses, but the subject has not been adequately studied. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780313278167
Publisher:
ABC-CLIO, Incorporated
Publication date:
09/29/1994
Series:
Contributions in Economics and Economic History Series, #15
Pages:
260
Product dimensions:
6.14(w) x 9.21(h) x 0.63(d)

Meet the Author

DEAN V. BAIM is an Associate Professor of Economics and Finance at Seaver College, Pepperdine University, where he has been on the faculty since 1983. Dr. Baim was named Pepperdine University Professor of the year in 1990, and Pepperdine University Society for the Advancement of Management's Professor of the Year in 1984, 1989, 1991, and 1992. He has served widely as a consultant and as an advisor. He has written numerous journal articles and contributions to books.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >