To address the question whether cities should pay for sports facilities or not (zaretsky 2001), we emphasize that the answer largely depends on the kind of stadium that is being proposed. Still, cities are driven by the idea that playing host to professional sports teams builds civic pride and increases local tax receipts from the team-related sales and salaries when it comes to salaries, however, economist mark rosentraub noted in a 1997 article that there is no us county where professional sports accounts for more than 1 percent of the county’s private-sector payroll. Should cities pay for sports facilities share on: e-mail print t he regional econom ist | april 2001 should cities pay for sports facilities by adam m zaretsky we play the star-spangled banner before every game—you want us to pay taxes, too —bill veeck americans love sports.
In municipal parks around the country, cities pay for all sorts of small courts and fields where anyone can throw the ball around these are public facilities, created expressly by and for the public research on public parks has shown that such accessible sports facilities have a profound positive impact on communities.
Several cities — oakland, baltimore, st louis, cleveland, and houston — that declined to pay up to keep their current teams wound up paying even more a few years later to lure other teams or secure an expansion team. When cities cite studies (often produced by parties with an interest in building the stadium) touting the impact of such projects, there is a simple rule for determining the actual return on investment, matheson said: “take whatever number the sports promoter says, take it and move the decimal one place to the left. However, because in most cities public funds are contributed to building these large-scale facilities, these sports centers are also considered “public” it is these private-public sports facilities ― and not the former category, discussed above ― that cause many people to question a city’s financial involvement.
Cities go to great lengths to lure a new team to town or to keep the home team home they feel compelled to compete with other cities that offer new or updated facilities otherwise, the home team might make good on its threat to leave. But should cities pay for sports facilities this is the question zaretsky looks at in an article in the the regional economist , a publication of the federal reserve bank of st louis zaretsky writes. Should cities pay for sports facilities adam m zaretsky, st lous federal reserve, april 2001, “we play the star-spangled banner before every game—you want us to pay taxes, too —bill veeck americans love sports. Amid all the jockeying, a decadeslong debate rages on: does it make economic sense for cities and states to use public money to build sports facilities as soon as the rams-inglewood deal was announced, moody’s investment service said the move would boost inglewood’s sagging economy. Should cities pay for sports facilities - adam zaretsky, 2001 critique by sam katz short answer: no • zaretsky asserts time and time again that sports arenas are poor investments for cities zaretsky's approach • rational, impartial, objective • most economists would agree with his views and his reasoning.
But many economists maintain that states and cities that help pay for new stadiums and arenas rarely get their money’s worth teams tout new jobs created by the arenas but construction jobs are temporary, and ushers and concession workers work far less than 40 hours a week. Should cities pay for sports facilities - adam zaretsky, 2001 critique by sam katz short answer: no • zaretsky asserts time and time again that sports arenas are poor investments for cities zaretsky's approach • rational, impartial, objective • most economists would agree with his views.
The weight of economic evidence shows that taxpayers spend a lot of money and ultimately don't get much back, according to a 2001 study, should cities pay for sports facilities for the federal reserve bank of st louis. First, it is important to distinguish between the two different types of sports facilities: those open to the public and those reserved for specific groups of athletes in municipal parks around the country, cities pay for all sorts of small courts and fields where anyone can throw the ball around.