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Financing Professional Sports Facilities: An Update

In: The Economic Impact of Sports Facilities, Franchises, and Events

Author

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  • Victor A. Matheson

    (College of the Holy Cross)

Abstract

This paper provides the total costs and public contributions for every stadium constructed in the NFL, MLB, MLS, NBA, and NHL between 1990 and 2023. The data show that $75 billion (in 2023 dollars) has been spent on stadium construction in that time period with taxpayers contributing $34 billion of this amount. Following the Great Recession, the average taxpayer contribution for a stadium project fell from 60% of total costs to 30% of total costs, but skyrocketing construction costs often led to total taxpayer subsidies rising.

Suggested Citation

  • Victor A. Matheson, 2023. "Financing Professional Sports Facilities: An Update," Sports Economics, Management, and Policy, in: Victor A. Matheson & Robert Baumann (ed.), The Economic Impact of Sports Facilities, Franchises, and Events, pages 223-232, Springer.
    • Handle: RePEc:spr:semchp:978-3-031-39248-1_16
    DOI: 10.1007/978-3-031-39248-1_16
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    More about this item

    Keywords

    L83; O18; R53; Z23;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • Z23 - Other Special Topics - - Sports Economics - - - Finance

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