Quote:
Originally Posted by DeltAlum
I think there are "transparent" benefits for the image of a city to have a professional sports franchise that go beyond the dollars and cents that can be directly attributed the gate, consessions, parking, luxury boxes, tourism, etc.
Among them is the name mention on national and local sports, news, etc.
It's the proverbial publicity that money can't buy.
|
These things all have a literal dollar value that can be calculated by economists - it's actually a straight-forward process (and, as an aside, if you can't put a dollar value on it then it doesn't matter as far as the bond issues go).
Even accounting for these extra benefits, publicly-funded stadiums are generally a financial disaster for the city, and essentially account for every citizen paying for an incredibly rich ownership group to get richer.
You might want to check out some of the sports business resources out there - Maury Brown, for instance, does a great job at
his site.
Threaded Mode
