Sports teams don't generate income

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Post #39,952

by bluke

5/26/02 9:39:54 AM

Sports teams don't generate income

Every analysis that I have seen says that when you look at it objectively building stadiums is a losing proposition economically. Here are some links
[link|http://www.cascadepolicy.org/cctext/2001_11.txt|Play ball, Portland!
But fund it yourself]
[link|http://216.239.39.100/search?q=cache:ERLSgPA1v7gC:www.cato.org/pubs/regulation/regv23n2/coates.pdf+%2Bstadium+%2Beconomic&hl=en|The Stadium Gambit and Local Economic Development]
[link|http://www.heartland.org/studies/sports/sports-studies.htm|Sports Stadium Madness: How It Started, How To Stop It]

Post #39,992

by orion

5/26/02 9:01:15 PM

No wonder they used to play in Ball Parks

and not Stadiums when Baseball was first founded. Anyone remember Sportsman's Park in St. Louis?

I think the owners got ticked when someone added to the Stadium Bill that the owners of the team have to pay money if they sell the team or move in 30 years. Also part of the profits goes back to the State. The bill didn't pass as they didn't have time to review it in the previous session. Maybe next session?

I am free now, to choose my own destiny.

Crybabies want Stadium paid for by taxpayers or will move - (orion) - (6) - May 17, 2002, 10:14:35 PM EDT

fsck 'em. - (inthane-chan) - (5) - May 20, 2002, 03:58:40 AM EDT

But government coddles the rich - (orion) - (4) - May 20, 2002, 04:08:48 PM EDT

but the voters do it to themselves - (SpiceWare) - (1) - May 22, 2002, 05:29:54 PM EDT

Voters screw themselves when they vote in the wrong canidate - (orion) - May 22, 2002, 10:29:50 PM EDT

Sports teams don't generate income - (bluke) - (1) - May 26, 2002, 09:39:54 AM EDT

No wonder they used to play in Ball Parks - (orion) - May 26, 2002, 09:01:15 PM EDT

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