Take Me Out of the Ball Game: The Efficacy of Public Subsidies in the Success of Professional Sports Stadiums
This paper weights the relative advantages of multiple factors that lead to the success of professional sports stadiums in major markets, though a discussion of the arguments for and against public subsidies towards these projects. Using a logit statistical model, the paper determines that the two factors determining the highest likelihood of venue success include multiple tenants and access to mass transit. The analysis demonstrates that public subsidies towards stadiums don’t generate sufficient economic returns, and that successful stadiums can be created without using taxpayer funds.
Year of publication: |
2011-01-01
|
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Authors: | Chodosh, Jonah |
Publisher: |
Claremont |
Subject: | sports | stadiums | subsidies | welfare | succcess | tax | Business Administration, Management, and Operations | Business Law, Public Responsibility, and Ethics | Econometrics | Economic Policy | Economic Theory | Finance and Financial Management | Industrial Organization | Organizational Behavior and Theory | Other Public Affairs | Public Policy and Public Administration | Political Economy | Public Economics | Strategic Management Policy | Taxation | Tourism and Travel | Urban Studies |
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