Economic and Societal Implications on Communities Surrounding Sports Franchises

Economic and Societal Implications on Communities Surrounding Sports Franchises

Length: 2012 words (5.7 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview

With the ever-increasing rate at which professional sport franchises change venues, the surrounding communities must deal with the social and economic burden. The Atlanta Braves announced in November that the 2017 season will open in a new $672 million-dollar stadium in Cobb County. Turner field will only be 21 years old when their team vacates it and has it demolished. The announcement stunned many fans due to the lack of warning received and the seemingly young age of the current stadium. City officials claim that a professional team will increase tax revenue, create economic growth, and even bring the city closer together. Empirical studies have shown that stadiums and arenas contribute nothing to metropolitan area income or employment and shows that public investment is not justified (Santo, 2007,p. 456; Baade, 1996, 2000; Baade & Dye, 1990; Baade & Sanderson, 1997; Coates & Humphries, 1999; Noll & Zimbalist,1997; Rosentraub, 1997; Zimbalist, 1998; Zimmerman, 1997). With professional sports franchises changing locations so often are there economic and societal implications of a professional sports franchise on the surrounding community?
Sports stadiums are across the nation, but within the past decade, sports have become a national pastime not just regional entertainment. With the four major professional sports leagues occupying 38 metro areas, more than half the population has almost immediate access to a local team (Rappaport & Wilkerson, 2001, p. 56). With such a broad fan base you would think the historic national pastime’s landmarks would remain, however, the average age of all Major League Baseball (MLB) stadiums is only 24 years. Twenty-four years includes two stadiums that are more than one century old, Wrigley Field...

... middle of paper ...

.... Beyond the Economic Catalyst Debate: Can Public Consumption Benefits Justify a Municipal Stadium Invevsment? Journal of Urban Affairs, pp. 455-479.
Swindell, D., & Rosentraub, M. (1998). Who Benefits from the Presence of Professional Sports Teams! Public Administration Review, 11-20.
Tucker, T. (2013, November 12). Cox Media Group. Retrieved from Atlanta Journal-Constitution:
Zimbalist, A. (1998). The Economics of Stadiums, Teams and Cities. Policy Studies Review, 17-29.
Zimmerman, D. (1997). Subsidizing stadiums: Who benefits, who pays? In R. Noll, & A. Zimbalist, Sports jobs and taxes: The economic impact of sports teams and stadiums. Washington, D.C.: Brookings Institution Press.
Zirin, D. (2010). Bad Owners: how owners are ruining the game we love. New York, N.Y.: Scribner.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Professional Sports Industry: Examining the Popularity of NFL Franchise Indianapolis Colts, as Well as Other Sports Franchises

- Professional sports comprise of an enormous and complex industry. Subdivided into their respective sports and leagues, individual franchises act as independent businesses. The collective goal of these businesses is to provide a product that consumers will seek to purchase. In the case of a football team, for example, the Indianapolis Colts represent a business, and football is the product that they sell. Not all football, however, is so eagerly consumed. The Arena Football League recently disbanded after 21 years of selling its brand of football....   [tags: sports]

Term Papers
1293 words (3.7 pages)

Sports Franchise Essay

- The four available business ventures for this paper are. 1. Specialty high-end flooring contractor: will install all floor types (imported tile, granite, marble, hard wood, and carpeting) as part of new construction or remodeling. 2. Pilates Studio Franchise: individuals can take classes or work out on their own. 3. Sports Bar Franchise: individuals can watch multiple sporting events on large screen TV’s. 4. Global Computer Consultant: assist corporations and individuals in setting up computer networks....   [tags: Business Franchise]

Free Essays
870 words (2.5 pages)

Franchisor And Franchisee Case Study Essay examples

- A STUDY OF RELATIONSHIP OF FRANCHISOR AND FRANCHISEE ABSTRACT In the relationship of franchisor and franchisee, the franchisor relies heavily on the financial information and information of the consumers of the franchisees to access local markets, and the franchisees are dependent on the trademarks and know-how and other support of the franchisors. Franchises always have a desire for autonomy to run their business, but franchisor don’t want to give the franchisee more autonomy because he thinks that if he give more autonomy to the franchisee then franchisee can compromise on the quality to save the cost and this can damage the reputation of the entire franchise system of franchisor but on t...   [tags: Franchising, Franchise, Howard Johnson's]

Term Papers
961 words (2.7 pages)

The Value of Engaging Sports Fans Essay

- Sports teams around the world value the importance of keeping their consumers (fans) happy and engaged. The NFL’s New England Patriots are very active in the community and have expansive social media sites and online tools to keep their consumers engaged and connected to all things related to the franchise. Over in Europe, the football franchise Manchester United has created a large following and making sure their consumers are engaged is one of the franchises’ main strategies (Emirates24/7)....   [tags: consumers, social media, franchises ]

Term Papers
551 words (1.6 pages)

International Markets and Franchises Essay

- Increasing U.S. Sports Franchise Popularity In today’s society sports have become a big part of our culture in the United States. According to Rovell (2014), “pro football has one of the most popular sports in America for at least 30 years straight.” The reason football has thrived in our culture is because we Americans are very competitive and like things big, strong, and intimidating. Football for example provides all of those aspects and delivers the same competitive spirit as soccer does in many other countries....   [tags: Imports, Tariffs]

Term Papers
724 words (2.1 pages)

The Yankees Are A Major Sports Franchise Essay

- I am a huge Yankees fan so it was a no brainer for me what Company I would choose for this assignment. I follow them on many different platforms and am very familiar about how they go about doing it. It’s extremely important for a company to be active and to engage your followers. This way you can better promote yourself as well as making your followers or fans very happy. The Yankees do a very good job with this. For starters, not that the background information is necessary for this evaluation, the Yankees are a major sports franchise....   [tags: Major League Baseball, New York Yankees]

Term Papers
1328 words (3.8 pages)

Task Orientation in Sports Essay

- The importance of strength training was collaborated along with task orientation in a study that consisted of 90 athletic males and 43 athletic females. According to the article, strength training has been one of most influential and beneficial aspects in initiating tasks in sports. In other words, task orientation was significantly high in terms of accomplishing and maintaining standardized, individualistic performance in sports. In fact, the study reveals that individuals high in task orientation tend to judge success as means of, giving absolute effort, performing to their best of ability, working together as team mates and taking pleasure in their sport; according to the participants who...   [tags: Sports ]

Term Papers
977 words (2.8 pages)

Designing A Business From Scratch Or Choose Your Franchise Essay

- In business, you take many risks some you will fail and some you will succeed, when you do succeed you will make a huge profit. You can either choose to build a business from scratch or choose an existing business that you will choose to branch off of. If you do choose to branch off from an existing business that act would be called franchising. A franchise has very little risk since you are creating from an existing business, but just like every business, there are several things that you must do before you can receive your franchise....   [tags: Franchising, Franchise, Want, Franchises]

Term Papers
1669 words (4.8 pages)

Parental Pressure on Children Playing Organized Sports Essay

- These days, there is too much pressure on children who participate in organized sports because of the unnecessary parental involvement they experience. A growing concern amongst those involved in youth sports is that certain aspects of parental involvement become detrimental to the development and experiences of young athletes. Early emphasis on winning, making money, and the disruption of education can exceedingly affect ones desire to further participate in a sport later on in his/her life. With more and more children participating in some sort of organized sport than ever before, there is a constant concern regarding the pressures kids are brought into to excel....   [tags: Sports]

Term Papers
1014 words (2.9 pages)

Essay on Sports Media

- Sports of old were merely competitive activities rooted in heroism and romanticism. Sports activities today, however, have no such innocence or simplicity. Currently in America, the activities that make up our sports culture is not only the competitive events themselves but the processes and issues that underlie and surround them. Entwined in our sports culture is the giant business of mass broadcasting. Indeed, sports and the media go hand in hand like peanut butter and jelly, like Mickey and Minnie, Darth Vader and Luke....   [tags: Sports]

Term Papers
1050 words (3 pages)