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ERIC Number: EJ721839
Record Type: Journal
Publication Date: 2004-Aug
Pages: 19
Abstractor: ERIC
Reference Count: 34
ISSN: ISSN-1063-0732
Financing Techniques and Stadium Subsidies in the United States
Weiner, Ross D.
Journal of Urban Technology, v11 n2 p41-59 Aug 2004
This paper recognizes the numerous studies that have demonstrated that building stadiums for professional sports team is not a viable strategy for urban development. Despite these studies, however, subsidies continue to be offered to builders of stadiums. Why do these subsidies continue? This paper explores the four main drivers of stadium construction. It also explores the financial technologies used in stadium subsidies. By focusing on the various financial technologies, this paper provides new insight into recent trends in public stadium construction and its well-documented economic consequences. It also demonstrates how these financial technologies depend on non-economic forces--cultural and political forces, for example--in order to function. (Contains 2 tables.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United States