professional sport - • Economic benefits spread unequally...

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25/10/2007 07:15:00 Perception: Team will attract media attention; boot tourism Reality: Limited discretionary income; cost of attendance may prevent other  spending perception: team will provide psychic and social benefits Reality: losing teams may not generate pride; not all are benefited equally by sport  Overall Perception Economic Boom Overall Reality:  Subsidization drains government resources Reduces/eliminates resources for the poor
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Unformatted text preview: • Economic benefits spread unequally o Cost incurred by middle/lower classes ← Unrealistic Estimates • Cost underestimated • Revenue over estimated o Ex: LA Superdome was estimated $35m; final cost $167m ← Ex. of Public Subsidization • NFL o Baltimore Ravens $240m o Nashville Oilers $150m • NBA o Atlanta Hawks 200m • 25/10/2007 07:15:00 ← 25/10/2007 07:15:00 ←...
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This note was uploaded on 04/08/2008 for the course SPAD 391 taught by Professor Webber during the Spring '08 term at University of Louisville.

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professional sport - • Economic benefits spread unequally...

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