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Sports Stadiums and Area Development: A Critical Review

Author

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  • Robert A. Baade

    (Lake Forest College)

  • Richard F. Dye

    (Lake Forest College)

Abstract

Should local governments subsidize the construction and operation of sports stadiums? This is being debated in cities throughout North America, and several factors have conspired to elevate this issue to headline status. Local government officials, burdened by the deteriorating financial health of their cities, have sought ways to mollify critics. Since some political strategists have argued that the presence of professional sports imparts economic prosperity, some local political leaders have hitched their wagons to the sports star. But is professional sports a panacea for sagging urban economic fortunes? Many are skeptical that subsidizing sports stadiums is worth the costs. We examine published and unpublished literature as well as our own research to chronicle, analyze, and critique the use of publicly financed sports stadiums as a vehicle for economic progress. We provide information for both the academic and the practitioner on the types of questions that should be posed when making decisions about stadiums. In the first section we detail and analyze the recent history and future plans for city financial involvement in sports stadium projects. We discuss the costs and benefits of stadium-based development rationale in the second section, and the next section analyzes its validity. Factors that may prove decisive in determining the economic successfulness of an individual stadium project are observed in the fourth section, and the last section concludes the article.

Suggested Citation

  • Robert A. Baade & Richard F. Dye, 1988. "Sports Stadiums and Area Development: A Critical Review," Economic Development Quarterly, , vol. 2(3), pages 265-275, August.
    • Handle: RePEc:sae:ecdequ:v:2:y:1988:i:3:p:265-275
    DOI: 10.1177/089124248800200306
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    Cited by:

    1. Coates, Dennis & Humphreys, Brad R., 2006. "Proximity benefits and voting on stadium and arena subsidies," Journal of Urban Economics, Elsevier, vol. 59(2), pages 285-299, March.
    2. Michael B. Teitz, 1997. "American Planning in the 1990s: Part II, The Dilemma of the Cities," Urban Studies, Urban Studies Journal Limited, vol. 34(5-6), pages 775-795, May.
    3. Judith Grant Long, 2005. "Full Count," Journal of Sports Economics, , vol. 6(2), pages 119-143, May.
    4. Dennis Coates, 2007. "Stadiums And Arenas: Economic Development Or Economic Redistribution?," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 565-577, October.
    5. Dennis Coates & Brad Humphreys, 2011. "The effect of professional sports on the earnings of individuals: evidence from microeconomic data," Applied Economics, Taylor & Francis Journals, vol. 43(29), pages 4449-4459.
    6. C C Williams, 1996. "Understanding the Role of Consumer Services in Local Economic Development: Some Evidence from the Fens," Environment and Planning A, , vol. 28(3), pages 555-571, March.
    7. Dennis Coates & David Gearhart, 2008. "NASCAR as a Public Good," International Journal of Sport Finance, Fitness Information Technology, vol. 3(1), pages 41-57, February.
    8. Chad Seifried & Dave Shonk, 2007. "American Professional Sport Facilities: Considerations for the Future," IASE Conference Papers 0718, International Association of Sports Economists.
    9. Storm, Rasmus K. & Thomsen, Frederik & Jakobsen, Tor Georg, 2017. "Do they make a difference? Professional team sports clubs’ effects on migration and local growth: Evidence from Denmark," Sport Management Review, Elsevier, vol. 20(3), pages 285-295.
    10. Arthur C. Nelson, 2001. "Prosperity or Blight? A Question of Major League Stadia Locations," Economic Development Quarterly, , vol. 15(3), pages 255-265, August.
    11. Chad Seifried & Dave Shonk, 2007. "American Professional Sport Facilities: Considerations for the Future," Working Papers 0724, International Association of Sports Economists;North American Association of Sports Economists.
    12. Colin C. Williams, 1994. "Rethinking the Role of the Service Sector in Local Economic Revitalisation," Local Economy, London South Bank University, vol. 9(1), pages 73-82, May.
    13. Constantine Kontokosta, 2012. "The Price of Victory," Urban Studies, Urban Studies Journal Limited, vol. 49(5), pages 961-978, April.
    14. Christopher M. Law, 1992. "Urban Tourism and its Contribution to Economic Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 29(3-4), pages 599-618, May.
    15. Antoine Feuillet & Nicolas Scelles & Christophe Durand, 2017. "A winner’s curse in the bidding process for broadcasting rights in football? The cases of the French and UK markets," Post-Print hal-01935541, HAL.

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