When professional sports justify the subsidy, a reply to Robert A. Baade
Article Abstract:
Professional sports justify their role as catalysts of metropolitan economic growth, contrary to Robert A. Baade's claim. Although the direct economic returns from professional sports activities may appear small, public investments for building of sports venues have several indirect benefits for the metropolitan economy. The invisible returns on the investments in sports facilities are similar to the indirect benefits of roads, bridges, or water supply lines. Inclusion of public sports facilities in urban planning policies can reap real economic benefits by luring people to the urban core.
Publication Name: Journal of Urban Affairs
Subject: Sociology and social work
ISSN: 0735-2166
Year: 1996
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Stadium subsidies make little economic sense for cities, a rejoinder
Article Abstract:
Subsidies for sporting facilities and hosting professional sports activities are unviable for the urban economy. Mark S. Rosentraub and Thomas V. Chema argue that subsidized sporting venues generate substantial revenues and contribute to economic growth of the cities. However, statistical evidence hardly supports the role of professional sports as catalysts of economic growth. Further, those who reap substantial consumer surplus from commercial sports are the main beneficiaries of the subsidized stadiums. Subsidies are guided more by political considerations than economic factors.
Publication Name: Journal of Urban Affairs
Subject: Sociology and social work
ISSN: 0735-2166
Year: 1996
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Does the emperor have new clothes? A reply to Robert J. Baade
Article Abstract:
Professional sports are an integral part of mainstream American culture despite their negligible tangible economic impact. Professional sports accounted for only 0.06% of the private sector jobs and 0.01% of the total income in 161 counties in 1992. However, the presence of high quality sports facilities and professional sports teams enhances the image and prestige of a city. Contrary to Robert J. Baade's idea, this attracts investments, helps in the growth of various economic activities, and cooperation among citizens. Case studies are given.
Publication Name: Journal of Urban Affairs
Subject: Sociology and social work
ISSN: 0735-2166
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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