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Full Description
This edited volume discusses the economic impact of sports facilities, franchises, and events on local economies. Written in honor of Robert Baade upon his retirement, the book provides a state-of-the-art of current research on the economic impact of sports, and recognizes the seminal contributions that Dr. Baade has made to this topic.
The analysis of the economic impact of spectator sports is a vital public policy topic as $75 billion has been spent on stadium construction since 1990 in the US alone, with nearly $35 billion of this coming from taxpayer subsidies. True public cost of sports franchises is much higher than this as this figure excludes facilities outside the Big 5 domestic leagues (like NASCAR track, NCAA facilities, minor league baseball, and the Canadian Football Leagues), public subsidies for major events like the Super Bowl or Olympic Games, and excludes sports subsidies outside of direct stadium construction subsidies.
Including contributions from many of the most notable researchers studying the economic impact of sports, topics include impacts of stadiums and franchises on local economies, labor markets, and tax collections, the effect of sports franchises on property values, and changes in the public and academic discourse on sports subsidies over time. This volume will be of interest to researchers and students of sports economics, management, public policy, and public finance.
Contents
Introduction: A Few Words about Robert Baade-Robert Baade: Stadium Economics Pioneer-The Unshakeable Belief in the Economic Impact of Sports-The Local Economic Impact of Phantom College Football Games: Evidence from North Carolina-The Growth Effects of Sports Franchises, Stadia, and Arenas - Revisited-The consumer surplus and economic impact of a participatory micro-event: The Beech Mountain Metric-The Dollar Value of an NFL Rivalry-The Effect of National Political Conventions on Hotel Occupancy: Updated Evidence-The Dallas Cowboys Relocation and Intra-Metropolitan Sales Tax Revenue Impacts Across Cities and Industries-Impacts of Mega Sport Events -Does the moderate view still apply?-The Effect of Sports Franchises on Property Values: The Role of Owners versus Renters-The Impact of Sports Teams on the Urban Economy: Evidence from the St. Louis Rams' Departure-Major Stadium Construction in the Twin Cities: If We Build It, Will Construction Employment Increase?-The Effects of Having an On-Campus Division 1 College Football Stadium on Attendance,-New Stadiums in North America and Europe: A Comparison and Agenda for Future Research-Financing Professional Sports Stadiums - An Update
