The Effects of Sports Teams and Stadiums on Cities Essay

The Effects of Sports Teams and Stadiums on Cities What if a tax increase came to a city because of a sports team, would it be alright? Of course not, right? Well, consider being told as a tax payer and being told it will help the economy of city to build a stadium. However, a tax increase is never highly looked upon, and large companies sell extraordinary economic growth, and cannot produce the promise. Area political leaders, local community heads as well as owners of professional sports franchise sometimes claim that a pro sports stadium†¦show more content†¦In the United States, new sports stadiums are commonly seen as a vital part of the redevelopment of a city having a great economic growth with the production of jobs and a positive income builder. After this, the owners of the pro sports teams with millions and millions of dollars of su bsidies for the construction of new stadiums and arenas and expect these facilities to generate economic benefits exceeding these subsidies by large margins. However, a growing body of fact indicates that professional sports facilities, and the franchises they are home to, may not be engines of economic benefit anywhere claims Sachse, â€Å". In reality, sports franchises typically account for a very small proportion of the total economic output of the cities in which they reside.† Some economical studies on the amount of income and employment in US cities find no evidence of positive economic benefits associated with past sports facility construction and some studies find that professional sports facilities and teams have a net negative economic impact on income and employment. It just shows that these results suggest that at best, professional sports teams and facilities provide non-pecuniary benefits like civic pride, and a greater sense of community, along with consumptio n benefits to those attending games and following the local team in the media; at worst, residentsShow MoreRelatedDo Public Subsidies For Professional Athletic Organizations Benefit Their Local Community?1591 Words   |  7 Pagesprofessional athletic organizations benefit their local community? Sports teams, or professional athletic organization, are extremely important institutions within a city or region. They can help connect people with places, and through this loyalty, a sense of civic pride can be seen. Furthermore, the multi-billion dollar industry sports produces effects that can impact individuals and communities. In recent years dozens of new sports stadiums have been built throughout the country, with major funding comingRead MoreThe National Football League : An Overview1059 Words   |  5 PagesFootball League has turned what was once seen as a sport for savages into a cornerstone of American culture. The increase of popularity of football has turned the NFL into a money making machine the NFL s finances are unmatched. According to Forbes magazine in an article analyzing the most valuable sports teams of the world, The NFL landed the most teams in the top 50 with 20 franchises(Badenhausen, The World s 50 Most Valuable Sports Teams 2015). The following statisti cs will be used to determineRead MoreStadiums : Stadiums And Stadiums1587 Words   |  7 Pages Stadiums have evolved from wooden grandstands surrounding the playing field, to cookie cutter stadiums, to the massive luxurious attractions we see today. Stadiums are no longer simply a place where fans come to watch a game, but are â€Å"one-stop shops where fans can buy food, alcohol, and souvenirs. Owners want their stadiums to be state-of-the-art with all the amenities and with the most luxury suites as possible† (Johnson). The issue with stadiums in today’s sporting world is not the size or costRead MoreEssay about New Stadium1351 Words   |  6 Pagespast decade more than a dozen new stadiums have been built within the United States. A sports facility has potential to become a major source of revenue, venue for advertising, and brings about economic and social benefits to the community. The goal of a new facility is to increase the fan base, boost revenue, and incre ase a team’s competitiveness. For cities to reap the benefits of a new facility there must be support from the city, as well as, support from city officials. Building a new facilityRead MoreSports Subsidies Relies On Fan Support1019 Words   |  5 Pagessupport for sports subsidies relies on fan support. John Oliver, Dennis Coates and her companion Brad R. Humphreys present several viewpoints regarding the stadium s arising arguments and questions. In his parody video Last Week Tonight, John Oliver attacks stadium subsidies, the process by which local and state governments give hundreds of millions of dollars in taxpayer money to fund stadiums for professional sports teams. The article â€Å"Do Economists Reach a Conclusion on Subsidies for Sports FranchisesRead MoreSports And The National Football League1608 Words   |  7 Pages(NBA), and the National Hockey League (NHL). When fans watch their home teams play, it brings great pleasure and excitement to those who love spo rts, especially when their home team wins a game. Even if they do not win, fans will stick by their teams. Local businesses go great lengths to show support for their local teams. For example, the Reunion Tower in Dallas changes its light colors to support the local teams on game days. Sports also have a way of connecting fans with places as they cheer for aRead MorePersuasive Speech Essay873 Words   |  4 Pagessoccer team in Miami Central Idea: Miami is a city where soccer has a lot to grow and will impact Miami. INTRODUCTION GAIN ATTENTION: Identify the problem Attention-Getter: Soccer is played by 250 million players in over 200 countries, making it the worlds number one sport. . Preview: To persuade my audience to support soccer in Miami. Relevance: It is importance to my audience to listen to this speech because now that soccer will become professional in Miami will make effects in theRead MoreThe Rights Of The Stadium Owner1504 Words   |  7 PagesThe opinion of the court made their case by referring to other cases. These cases defined the duty of the stadium owner, by declaring that â€Å"Once the stadium owner has provided ‘adequately screened seats’ for all those desiring them, the stadium owner has fulfilled its duty of care as a matter of law.† (Leagle, 2015). Instead of finding the Houston Sports Association liable, the judge indicated that because Karen attended the game with an adult, the adult was liable to warn her of the dangers thatRead MoreEssay Public Subsidies for Sports Facilities3522 Words   |  15 PagesPublic Subsidies for Sports Facilities America is in the midst of a sports construction boom. New sports facilities costing at least $200 million each have been completed or are under way in Baltimore, Charlotte, Chicago, Cincinnati, Cleveland, Milwaukee, Nashville, San Francisco, St. Louis, Seattle, Tampa, and Washington, D.C., and are in the planning stages in Boston, Dallas, Minneapolis, New York, and Pittsburgh. Major stadium renovations have been undertaken in Jacksonville and OaklandRead MoreEssay about Influence of Sports on Society907 Words   |  4 PagesSports are an event that has been around in some form or another for many years. Through time, they have gradually evolved into their current state, and will undoubtedly continue to be around for years to come. This is because they always have, and always will be a positive influence on society and individuals. The emergence of professional sports over the past century has unfortunately brought with it some negative effects. However, the positive effects of sports definitely outweigh the negative