The Effect of Sports Stadiums on Economic Development
In this paper, we will discuss The Effects of Sports Stadiums on Economic Development. Everywhere in America we find that sports stadiums are being built. This trend is fueled by a considerable dose of public funding. Nationally, public subsidies for stadiums exceed $500 million a year. Oklahoma City joined the building binge by funding a new 18,000-seat arena as part of the MAPS program. Subsidies have not been limited to major league sports; many communities have built facilities for minor-league sports teams as well. In this paper we will look at several specific examples of the thinking behind why building sports stadiums will help economic development and why this thinking is often misguided and faulty.
