Local government funding of sports stadiums is frequently justified as stimulating economic activity despite consensus contrary findings in the academic literature. Though some studies have identified positive neighborhood effects from stadiums on nearby residential property, scant research...

Though most studies find that sports stadiums are not strong drivers of economic activity in metropolitan areas, localized development effects may be sufficient to justify public subsidies for a host municipality if circumstances are favorable. This analysis examines the economic ramifications...

This article is intended to inform public policy regarding stadium subsidies, which state and local governments routinely provide to support professional sports teams. We review theoretical and empirical evidence regarding economic justifications for public funding, focusing on recent research...