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Civic boosters generally have estimated the Super Bowl to have an impact of $300 to $400 million on a host city’s economy. The National Football League has used the promise of an economic windfall to convince skeptical cities that investments in new stadiums for their teams in exchange for the...
Persistent link: https://www.econbiz.de/10005526889
An empirical analysis of the economic impact of the Major League Baseball’s postseason on host-city economies from 1972-2001 suggests that any economic benefits from the playoff are small or non-existent. An examination of 129 playoff series finds that any increase ineconomic growth as a...
Persistent link: https://www.econbiz.de/10005526894
Supporters of sports stadium construction often defend taxpayer subsidies for stadiums by suggesting that sports …
Persistent link: https://www.econbiz.de/10005545411
Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. Developing countries have become increasingly vocal in demanding a share of the economic benefits of these...
Persistent link: https://www.econbiz.de/10005545419
This paper examines issues related to the economic impact of sports championships on the local economy of host cities …
Persistent link: https://www.econbiz.de/10005545430
Over the past 15 years, new stadiums in the National Football League have been built at an unprecedented rate, and most new facilities have utilized significant public funds. This paper looks at whether the methods used to finance these new facilities honored public finance principles regarding...
Persistent link: https://www.econbiz.de/10005545442
Professional sports leagues, franchises, and civic boosters, have used the promise of an all star game or league …-sponsored studies have estimated that Super Bowls, All-Star games and other sports mega-events increase economic activity by hundreds of …
Persistent link: https://www.econbiz.de/10005545443
Professional sports franchises have used the lure of economic riches as an incentive for cities to construct new … increase in taxable sales in the host metropolitan area. In addition, using the numerous work stoppages in professional sports … professional sports due to strikes and lockouts. …
Persistent link: https://www.econbiz.de/10005429857
Major League Baseball teams have used the lure of economic riches as an incentive for cities to construct new stadiums at considerable public expense. Estimates of the economic impact of a MLB on host communities have typically been in the vicinity of $300 million. Our analysis suggest these...
Persistent link: https://www.econbiz.de/10005429865
Prior to 2005, New Orleans had struggled to retain its NFL franchise. The Saints remained in the city, despite an outdated stadium and small media market, only through generous direct public subsidies to the team. Paradoxically, the devastation wrought by Hurricane Katrina in September 2005...
Persistent link: https://www.econbiz.de/10005429873