Sport and Money 2

Sport and Money 2 - Problems of Excess Sport and Money Part...

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Problems of Excess Sport and Money Part 2
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New Sports Facilities Why do we need them? Who pays for them? Why does it work this way?
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Facility Funding Federal Sources allowing Tax-Exempt Bonds State and Local Subsidies Private Sources
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Why Does Public Pay? Construction Jobs People Who Work For the Teams and Facilities Attraction of Tourists and Companies to the Host City Multiplier Effect Is this true?
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Arguments Against Most facilities don’t pay for themselves. Most of the new income goes to a small group of people. Majority of facility workers receive small % of the new income. Most “new” spending is a substitute for spending in other areas.
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Dynamics of This Model Leagues acting as monopolies give them tremendous power. Cities need to gain more power and leverage to keep from being held hostage.
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End Federal Subsidies. Antitrust Legislation and Relocation.
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This note was uploaded on 04/07/2008 for the course STAT 110 taught by Professor Johnson during the Fall '07 term at South Carolina.

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Sport and Money 2 - Problems of Excess Sport and Money Part...

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