Football Stadium Financing a Football Research Paper

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For all intents and purposes, the public benefits which are stated to accompany the development of a football stadium become increasingly less pertinent to a city's bottom line as time passes. The aging of stadiums and the constant development of newer facilities means that with the passage of just a decade, the returns on such attractions as sports attendance, convention attendance and construction employment have diminished or disappeared entirely. These patterns help to explain the observation made by Coates & Humphrey's (2004), who indicate that "professional sports generally have little, if any, positive effect on a city's economy. The net economic impact of professional sports in Washington, D.C., and the 36 other cities that hosted professional sports teams over nearly 30 years, was a reduction in real per capita income over the entire metropolitan area.

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" (Coates & Humphreys, p. 1)

Naturally, none of this is intended to dissuade the courtship of professional sports teams to a city. Without question, there are intangible benefits related to a city's identity, its local culture and its opportunities for the realization of civic unity. And of course, there are real economic benefits to bringing a multi-billion dollar enterprise to one's locality. However, the latter of these benefits cannot be realized when such private enterprises are subsidized by public moneys.

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