Sport Stadium Research Paper

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Recommended: Pros of public education funding

The large majority of the reading material for this week showed statistics and examples indicating that publicly funding stadiums for professional sports teams is a poor idea. As the video “Sports Stadiums are a Bad Investment, so why are Cities Still Paying for Them” said, some citizens lose out completely because they experience higher taxes, but they also cannot afford to attend games. That being said, there are some arguments for why cities should help fund stadiums, such as job creation, increased tourism, and a large influx of money into local restaurants and shopping centers. In addition, there are also intangible benefits from having professional sports teams in a city, such as increased morale of citizens and a better “community …show more content…

Louis, Missouri. According to our textbook Sport Finance, the stadium was built partially using public money in the form of a “long-term loan from St. Louis County” (Fried). This arrangement was successful due to negotiated terms between the St. Louis Cardinals and the city of St. Louis, as well as the state of Missouri, which were very friendly to local citizens. First, the Cardinals “agreed to donate more than 100,000 tickets each season to community groups” (Fried). Also, they also created affordable tickets in the stadium by capping 6,000 seats to a “2002-adjusted $12 per ticket” (Fried). These were very community-friendly actions which ensured that people from all different backgrounds could enjoy a baseball game.

In addition, the Cardinals built an area called the Ballpark Village, an area outside the stadium which contains “residential space, commercial space, a hall of fame, and an aquarium” (Fried). This area figures to bring in significant amounts of revenue and help the Cardinals pay back the loan to the city of St. Louis. While also accounting for the jobs created for the construction of the stadium, this seems like a very wise investment from the city of St.

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