Economists Agree: Publicly Financed Sports Stadiums Are a Bust

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Comments

[Libertarian Joe]

Its about creating jobs though. Stadiums and sports teams employ many people at all levels of incomes, from parking attendants to team physicians.
I'm not saying that's right or wrong, just that I think most publicly funded sports stadiums are not supposed to have a positive ROI, theyre supposed to create jobs and benefit the local economy. Whether they actually achieve that goal or not....idk

[MokFarin]

The benefits to the local economy are generally touted through returning the investment via ticket sales and tourism. I'm in a big sports area and several stadiums have been built over the years and those were the two promises - mainly because the existing number of people employed would stay roughly the same with the new stadium.

The problem is that if they want a stadium, they should have to build them via their own proceeds. Instead, the franchises pay a quarter or less of the construction costs and then reap huge profits from ticket sales.

[Jason Vick]

Publicly Financed Sports Stadiums Are a Bust