Stadium Subsidies Case Study

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Recommended: Negative effects of stadiums on sports

D.Golliday
1/22/18
Stadium Subsidies Assignment

What are the benefits to a town of building a new stadium? The benefits to Building a sports stadium for your state or country can increase in demand of the economy creating new jobs also increasing employment. Based on the multiplier effect this could lead to an economic growth. In the long run this may lead to economic development building a stadium also increases competition and opens new business opportunities. Therefore there'll be an increase in investments which also helps increase the total income of the country or city. The stadium will lead to an increase of exports because people will want to come to your city and watch games. Or maybe even enjoy snacks that can be purchased during the entertainment of the stadium. Can a new stadium revitalize a decaying section of a city? Yes because it can cause the population to grow and more jobs to open in that country for the citizens. It can also be for just entertainment that causes the stadium to be so appealing to the city. Most stadiums are very costly when it comes to government money so they have to choose wisely when building stadiums. …show more content…

In Georgia a new $948 million retractable roof stadium is being debated on being built and officials say the only public money would come from a tax on hotel stays in Atlanta estimated to bring in about $300 million. But no deal has been finalized and many experts believe the cost of the stadium could easily rise above $1 billion. It is not clear how the team plans to pay for its portion of the cost. In other cities fans have seen sharp increases in ticket prices after new stadiums have been built. Just the building of the stadium its self is very costly. So when and if the stadium is built they would have to make things that are sold or used in the stadium very expensive to make back the money

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