The Impact Of Professional Sports Franchises On Local Economies

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The Impact of Professional Sports Franchises on Local Economies

Author : Jeffrey Pierro
Publisher : CreateSpace
ISBN 13 : 9781500720568
Total Pages : 72 pages
Book Rating : 4.7/5 (25 download)

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Book Synopsis The Impact of Professional Sports Franchises on Local Economies by : Jeffrey Pierro

Download or read book The Impact of Professional Sports Franchises on Local Economies written by Jeffrey Pierro and published by CreateSpace. This book was released on 2014-08-05 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no doubt that professional sports franchises and stadiums generate a significant amount of economic activity, but is the impact on the local economy positive, negative, or neutral? Studies have shown that, while franchises can give the economy a boost in the short term, there are little to no long-term positive effects. This capstone will examine the trend in public financing of stadiums, look at the impact of stadium location, explore the factors of the economy that are impacted by professional sports franchises, and determine if the effects vary by sport or by region. Several major case studies will be examined to provide specific examples, including the most recent Super Bowl in New Jersey. Once the literature review is complete, regression analysis will be used to make an ultimate conclusion on the value of professional sports franchises and stadiums in the United States and the optimal location in which to start a new professional sports franchise in the United States. This will be done using data from 2001-2012 and variables that have been proven to have an impact one way or another. The result will be a prediction of the type and location of the next professional sports franchise in the United States.

Sports, Jobs, and Taxes

Author : Roger G. Noll
Publisher : Brookings Institution Press
ISBN 13 : 9780815720409
Total Pages : 548 pages
Book Rating : 4.7/5 (24 download)

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Book Synopsis Sports, Jobs, and Taxes by : Roger G. Noll

Download or read book Sports, Jobs, and Taxes written by Roger G. Noll and published by Brookings Institution Press. This book was released on 2011-03-01 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: America is in the midst of a sports building boom. Professional sports teams are demanding and receiving fancy new playing facilities that are heavily subsidized by government. In many cases, the rationale given for these subsidies is that attracting or retaining a professional sports franchise—even a minor league baseball team or a major league pre-season training facility--more than pays for itself in increased tax revenues, local economic development, and job creation. But are these claims true? To assess the case for subsidies, this book examines the economic impact of new stadiums and the presence of a sports franchise on the local economy. It first explores such general issues as the appropriate method for measuring economic benefits and costs, the source of the bargaining power of teams in obtaining subsidies from local government, the local politics of attracting and retaining teams, the relationship between sports and local employment, and the importance of stadium design in influencing the economic impact of a facility. The second part of the book contains case studies of major league sports facilities in Baltimore, Chicago, Cincinnati, Cleveland, Indianapolis, San Francisco, and the Twin Cities, and of minor league stadiums and spring training facilities in baseball. The primary conclusions are: first, sports teams and facilities are not a source of local economic growth and employment; second, the magnitude of the net subsidy exceeds the financial benefit of a new stadium to a team; and, third, the most plausible reasons that cities are willing to subsidize sports teams are the intense popularity of sports among a substantial proportion of voters and businesses and the leverage that teams enjoy from the monopoly position of professional sports leagues.

The Economic Impact of Sports Facilities, Franchises, and Events

Author : Victor A. Matheson
Publisher : Springer Nature
ISBN 13 : 3031392485
Total Pages : 233 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis The Economic Impact of Sports Facilities, Franchises, and Events by : Victor A. Matheson

Download or read book The Economic Impact of Sports Facilities, Franchises, and Events written by Victor A. Matheson and published by Springer Nature. This book was released on 2023-10-10 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume discusses the economic impact of sports facilities, franchises, and events on local economies. Written in honor of Robert Baade upon his retirement, the book provides a state-of-the-art of current research on the economic impact of sports, and recognizes the seminal contributions that Dr. Baade has made to this topic. The analysis of the economic impact of spectator sports is a vital public policy topic as $75 billion has been spent on stadium construction since 1990 in the US alone, with nearly $35 billion of this coming from taxpayer subsidies. True public cost of sports franchises is much higher than this as this figure excludes facilities outside the Big 5 domestic leagues (like NASCAR track, NCAA facilities, minor league baseball, and the Canadian Football Leagues), public subsidies for major events like the Super Bowl or Olympic Games, and excludes sports subsidies outside of direct stadium construction subsidies. Including contributions from many of the most notable researchers studying the economic impact of sports, topics include impacts of stadiums and franchises on local economies, labor markets, and tax collections, the effect of sports franchises on property values, and changes in the public and academic discourse on sports subsidies over time. This volume will be of interest to researchers and students of sports economics, management, public policy, and public finance.

Public Dollars, Private Stadiums

Author : Kevin J. Delaney
Publisher : Rutgers University Press
ISBN 13 : 9780813533438
Total Pages : 250 pages
Book Rating : 4.5/5 (334 download)

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Book Synopsis Public Dollars, Private Stadiums by : Kevin J. Delaney

Download or read book Public Dollars, Private Stadiums written by Kevin J. Delaney and published by Rutgers University Press. This book was released on 2003 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents

Relocating Teams and Expanding Leagues in Professional Sports

Author : Frank P. Jozsa
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313371504
Total Pages : 225 pages
Book Rating : 4.3/5 (133 download)

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Book Synopsis Relocating Teams and Expanding Leagues in Professional Sports by : Frank P. Jozsa

Download or read book Relocating Teams and Expanding Leagues in Professional Sports written by Frank P. Jozsa and published by Bloomsbury Publishing USA. This book was released on 1999-08-30 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the business of professional league sports, market conditions are the key determinate of the financial success or failure of a team. In the last few years, major league sports has experienced both growth into new markets and relocations of existing teams. Owners and the leagues use demographics, economic data, and governmental support to decide on where and when to expand and relocate. This book examines the sports business from 1950 through 2000. Historical demographic, economic, and team-related data provide the context. The authors apply metropolitan area statistics such as population growth and income, game attendance, and estimated market values to examine the business decisions made by individual teams in professional baseball, football, and basketball. The book looks at specific teams in terms of their long-term viability as a franchise and ranks their performances in economic and business terms. It also examines the related issues of taxpayer subsidies for new venues and the economic impact of professional sports on cities and regions. The book is a fascinating and comprehensive look at the business of sports and its place in American society, business, and economics.

Pay Dirt

Author : James P. Quirk
Publisher : Princeton University Press
ISBN 13 : 0691187940
Total Pages : 583 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Pay Dirt by : James P. Quirk

Download or read book Pay Dirt written by James P. Quirk and published by Princeton University Press. This book was released on 2018-06-05 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why would a Japanese millionaire want to buy the Seattle Mariners baseball team, when he has admitted that he has never played in or even seen a baseball game? Cash is the answer: major league baseball, like professional football, basketball, and hockey, is now big business with the potential to bring millions of dollars in profits to owners. Not very long ago, however, buying a sports franchise was a hazardous investment risked only by die-hard fans wealthy enough to lose parts of fortunes made in other businesses. What forces have changed team ownership from sports-fan folly to big-business savvy? Why has The Wall Street Journal become popular reading in pro sports locker rooms? And why are sports pages now dominated by economic clashes between owners and players, cities with franchises and cities without them, leagues and players' unions, and team lawyers and players' lawyers? In answering these questions, James Quirk and Rodney Fort have written the most complete book on the business and economics of professional sports, past and present. Pay Dirt offers a wealth of information and analysis on the reserve clause, salary determination, competitive balance in sports leagues, the market for franchises, tax sheltering, arenas and stadiums, and rival leagues. The authors present an abundance of historical material, much of it new, including team ownership histories and data on attendance, TV revenue, stadium and arena contracts, and revenues and costs. League histories, team statistics, stories about players and owners, and sports lore of all kinds embellish the work. Quirk and Fort are writing for anyone interested in sports in the 1990s: players, players' agents, general managers, sportswriters, and, most of all, sports fans.

The Economics of Sports

Author : William S. Kern
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880992107
Total Pages : 154 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis The Economics of Sports by : William S. Kern

Download or read book The Economics of Sports written by William S. Kern and published by W.E. Upjohn Institute. This book was released on 2000 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authored by economists, the six essays collected here provide a picture of economic principles at work in the arena of big-time sports. The 1998-1999 NBA lockout, the economic effects of sports stadiums, and the level of parity in leagues and conferences are used to present analyses of contemporary economic issues including industrial organization, influences of labor markets, the effect of racial discrimination, market power, the behavior of cartels, and price discrimination. Annotation copyrighted by Book News Inc., Portland, OR

The Economics of Sports

Author : Michael A. Leeds
Publisher : Routledge
ISBN 13 : 1315510596
Total Pages : 562 pages
Book Rating : 4.3/5 (155 download)

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Book Synopsis The Economics of Sports by : Michael A. Leeds

Download or read book The Economics of Sports written by Michael A. Leeds and published by Routledge. This book was released on 2016-05-23 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: For undergraduate courses in sports economics, this book introduces core economic concepts developed through examples from the sports industry. The sports industry provides a seemingly endless set of examples from every area of microeconomics, giving students the opportunity to study economics in a context that holds their interest. The Economics of Sports explores economic concepts and theory of industrial organization, public finance, and labor economics in the context of applications and examples from American and international sports.

Sport and Public Policy

Author : Charles Andrew Santo
Publisher : Human Kinetics Publishers
ISBN 13 : 9780736058711
Total Pages : 267 pages
Book Rating : 4.0/5 (587 download)

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Book Synopsis Sport and Public Policy by : Charles Andrew Santo

Download or read book Sport and Public Policy written by Charles Andrew Santo and published by Human Kinetics Publishers. This book was released on 2010 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sports figures, events and organisations affect our society in vast, varied and sometimes unexpected ways. This title tackles some of the most compelling connections between the sports world and public policy. It begins by examining issues related to professional sports. It also explores amateur sports and public health.

The Business of Sports: Economic perspectives on sport

Author : Brad R. Humphreys
Publisher :
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Business of Sports: Economic perspectives on sport by : Brad R. Humphreys

Download or read book The Business of Sports: Economic perspectives on sport written by Brad R. Humphreys and published by . This book was released on 2008 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sport is big business. This work explores the business and economic dynamics of the sports industry from a diverse array of perspectives that cover the industry's macroeconomic, management and marketing/promotion issues.

Brookings Papers on Economic Activity: Spring 2017

Author : Janice Eberly
Publisher : Brookings Institution Press
ISBN 13 : 081573252X
Total Pages : 175 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Brookings Papers on Economic Activity: Spring 2017 by : Janice Eberly

Download or read book Brookings Papers on Economic Activity: Spring 2017 written by Janice Eberly and published by Brookings Institution Press. This book was released on 2017-10-10 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

The Business of Sports: Economic perspectives on sport

Author : Brad R. Humphreys
Publisher :
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Business of Sports: Economic perspectives on sport by : Brad R. Humphreys

Circus Maximus

Author : Andrew Zimbalist
Publisher : Brookings Institution Press
ISBN 13 : 0815738625
Total Pages : 257 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Circus Maximus by : Andrew Zimbalist

Download or read book Circus Maximus written by Andrew Zimbalist and published by Brookings Institution Press. This book was released on 2020-06-30 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond the headlines of the world's most beloved sporting events Brazil hosted the 2016 men's World Cup at a cost of $15 billion to $20 billion, building large, new stadiums in cities that have little use for them anymore. The projected cost of Tokyo's 2020 Summer Olympic Games is estimated to be as high as $30 billion, much of it coming from the public trough. In the updated and expanded edition of his bestselling book, Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup, Andrew Zimbalist tackles the claim that cities chosen to host these high-profile sporting events experience an economic windfall. In this new edition he looks at upcoming summer and winter Olympic games, discusses the recent Women's World Cup, and the upcoming men's tournament in Qatar. Circus Maximus focuses on major cities, like London, Rio, and Barcelona, that have previously hosted these sporting events, to provide context for future host cities that will bear the weight of exploding expenses, corruption, and protests. Zimbalist offers a sobering and candid look at the Olympics and the World Cup from outside the echo chamber.

The Impact of Sports Arenas on Land Values

Author : Gabriel M. Ahlfeldt
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Impact of Sports Arenas on Land Values by : Gabriel M. Ahlfeldt

Download or read book The Impact of Sports Arenas on Land Values written by Gabriel M. Ahlfeldt and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunc-tional sports arenas situated in Berlin-Prenzlauer Berg which were de-signed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3000 meters. The patterns of impact vary, in-dicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

Bad Sports

Author : Dave Zirin
Publisher : Simon and Schuster
ISBN 13 : 9781439175743
Total Pages : 240 pages
Book Rating : 4.1/5 (757 download)

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Book Synopsis Bad Sports by : Dave Zirin

Download or read book Bad Sports written by Dave Zirin and published by Simon and Schuster. This book was released on 2010-07-20 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: A THOUGHT-PROVOKING LOOK AT THE BIG BUSINESS AND IMMORAL PRACTICES BEHIND PROFESSIONAL SPORTS BY ACCLAIMED SPORTSWRITER DAVE ZIRIN, HAILED AS THE “CONSCIENCE OF AMERICAN SPORTSWRITING” (THE WASHINGTON POST ) The fastest-growing sector of today’s sports audience is the alienated fan. Complaints abound: from inflated ticket prices, $6 hot dogs, and $9 beers to owners endlessly demanding new multimillion-dollar stadiums funded by public tax dollars. Those sitting in the owners’ boxes are increasingly placing profit over players’ performances and fan loyalty. Bad Sports cuts through the hype and bombast to zero in on tales of abusive, dictatorial owners who move their teams thousands of miles away from their fan base, use their stadiums as religious and political platforms, or hold communities ransom for millions of dollars of taxpayer money to fund their gargantuan stadiums. As the multibillion-dollar sports-industrial complex continues to lumber along, Dave Zirin is the voice in the wilderness, speaking out for the common fan with a tough, passionate, and intelligent voice that will remind readers that there is more to sportswriting than glowing athlete profiles.

Big Sports, Big Business

Author : Frank P. Jozsa
Publisher : Praeger
ISBN 13 : 0275991342
Total Pages : 0 pages
Book Rating : 4.2/5 (759 download)

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Book Synopsis Big Sports, Big Business by : Frank P. Jozsa

Download or read book Big Sports, Big Business written by Frank P. Jozsa and published by Praeger. This book was released on 2006-10-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Expos' move from Montreal to Washington, DC, and subsequent rebirth as the Nationals, was one of the sports success stories of 2005. As a result of the move, the team has enjoyed significant increases in home attendance and cash flow, broadcast revenues, and market valuation. This is but one example of the impact of sports league reorganization, a phenomenon as old as the leagues themselves. Frank Jozsa takes us on a tour, from the 1870s to the present, of the expansions and mergers, relocations and transfers that are constantly shifting the professional sports landscape. Incorporating concepts from economics, demographics, management, and marketing, he explains the successes and failures of such efforts in baseball, football, basketball, hockey, and soccer, including their effects on team competitiveness, market share, and prosperity—and their impact on the communities in which they operate. Arguing that professional sports teams are profit-maximizing businesses, Jozsa's analysis sheds light on the economics, culture, and politics of sports as big business, as decisions are made and implemented, and offers an insightful perspective on both the history and future of sports franchises. The Expos' move from Montreal to Washington, DC, and subsequent rebirth as the Nationals, was one of the sports success stories of 2005. As a result of the move, the team has enjoyed significant increases in home attendance and cash flow, revenues from local radio and television rights, and the estimated market value of the franchise—from $50 million to over $300 million in one year. This is but one example of the impact of sports league reorganization, a phenomenon as old as the leagues themselves. Frank Jozsa takes us on a tour, from the 1870s to the present, of the expansions and mergers, relocations and transfers that are constantly shifting the professional sports landscape. Incorporating concepts from economics, demographics, management, and marketing, he explains the successes and failures of such efforts in baseball, football, basketball, hockey, and soccer, including their effects on team competitiveness, market share, and prosperity—and their impact on the communities in which they operate. Arguing that professional sports teams are profit-maximizing businesses, Jozsa's sharp analysis sheds light on the economics, culture, and politics of sports as big business, as decisions are made and implemented. In addition to providing a unique perspective on the history and culture of sports management, he offers insightful commentary on the future prospects of sports franchises.

Antitrust Issues in Relocation of Professional Sports Franchises

Author : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Business Rights, and Competition
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Antitrust Issues in Relocation of Professional Sports Franchises by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Business Rights, and Competition

Download or read book Antitrust Issues in Relocation of Professional Sports Franchises written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Business Rights, and Competition and published by . This book was released on 1996 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: