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Sports, Jobs, and Taxes : the Economic Impact of Sports Teams and Stadiums - Roger G. Noll

Sports, Jobs, and Taxes

the Economic Impact of Sports Teams and Stadiums

Paperback Published: 1st October 1997
ISBN: 9780815761112
Number Of Pages: 525

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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 theleverage that teams enjoy from the monopoly position of professional sports leagues.

"Build the Stadium - Create the Jobs!"p. 1
The Economic Impact of Sports Teams and Facilitiesp. 55
The Employment Effect of Teams and Sports Facilitiesp. 92
Subsidizing Stadiums: Who Benefits, Who Pays?p. 119
Direct Democracy and the Stadium Messp. 146
Stadiums and Urban Spacep. 178
Stadiums and Major League Sports: The Twin Citiesp. 208
Baltimore's Camden Yards Ballparksp. 245
Sports, Politics, and Economics: The Cincinnati Storyp. 282
Bearing Down in Chicago: Location, Location, Locationp. 324
Cleveland's Gateway to the Futurep. 355
Stickball in San Franciscop. 385
Spring Trainingp. 427
Minor League Teams and Communitiesp. 452
Sports, Jobs, and Taxes: The Real Connectionp. 494
Contributorsp. 509
Indexp. 511
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780815761112
ISBN-10: 0815761112
Audience: General
Format: Paperback
Language: English
Number Of Pages: 525
Published: 1st October 1997
Publisher: Brookings Institution
Country of Publication: US
Dimensions (cm): 22.86 x 15.88  x 3.81
Weight (kg): 0.73