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The Sports Stadium as a Municipal Investment

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 ...

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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.

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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)
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Product Details

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.

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Table of Contents

Tables

Preface

Introduction

Milwaukee County Stadium

Baltimore Memorial Stadium

Buffalo War Memorial Stadium

Denver Mile High Stadium

Dodger Stadium

Robert F. Kennedy Stadium

Anaheim Stadium

Atlanta-Fulton County Stadium

Oakland-Alameda Coliseum Complex

Jack Murphy Stadium

Cincinnati Riverfront Stadium

Foxboro Stadium

Rich Stadium

Louisiana (New Orleans) Superdome

Minneapolis Metrodome

Summary and Analysis of Financial Data

Non-Financial Data and Analysis

Comparison of Public and Private Stadiums

Conclusion

Bibliography

Index

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