Sports Stadiums In Urban Areas

9 Pages 2285 Words

hese facilities to generate money exceeding these funds by a large increase.
However, there is growing number of evidence that indicates that these facilities and franchises may not be generating economic growth in our urban neighborhoods. US cities are finding no evidence of positive economic benefits associated with past sports facility construction and some studies are finding that some of these teams and structures are having a negative economic impact on income and employment. These results pretty much show that these stadiums and teams only provide non-payment benefits like city pride, and a greater sense of community, along with the benefits to those attending games and following the local team in the media; people of these cities with pro-sports teams pay a high cost for the privilege, both in terms of the large funding they provide and the loss of income and employment.
Money spent funding the professional sports franchises may come at the expense of other important and highly productive public services. There may be fewer police on the street, fewer firemen, less frequently repaired streets and highways, a weaker education system, and so on. All of these may result in lower productivity of workers and therefore, lower incomes. So there goes some of the notion that professional sport raises income or employment. The additional money generated from funds to professional sports is lower than it would be had the money been spent in alternative uses. When you compare a city with a sports franchise to one without a franchise, income is lower with the one with the franchise.
Stadiums and arenas are coming back to the cities with promises of fan spending flowing into the neighborhoods through which the fans go through to get to a transportation center or their remote parking lot. Cities have used this promise of increased economic activity in our cities to persuade citizens to lend financial support to rebuild and remake...