3 ms·
This is wrong. A number of economic studies show that taxpayer-funded stadiums reallocate dollars, they don't help local business on net-- they just increase t
by ckinnan 17y ago
This is wrong. A number of economic studies show that taxpayer-funded stadiums reallocate dollars, they don't help local business on net-- they just increase the value of the sports team.
https://www.policyarchive.org/handle/10207/302 https://www.policyarchive.org/handle/10207/302
http://www.cato.org/pubs/regulation/regv23n2/coates.pdf http://www.cato.org/pubs/regulation/regv23n2/coates.pdf
Teams and regional pride would still exist without taxpayer-funded stadiums.
- philwelch 17y agoPerhaps, but the taxes are usually focused on tourism (hotel and auto rental taxes), which is the sector that is helped the most by new stadia. Also consider the loss of business that happens when a team leaves, such as when the Seattle Supersonics left for Oklahoma City. Even if there isn't a net gain for building a new stadium, there may be a local gain at another city's expense, such as between Seattle and Oklahoma City.