The Sports Stadium as a Municipal Investment

by Dean Baim

Overview

This unique book gives a measure of the direct financial costs and benefits to a city of constructing a sports stadium without injecting biases and values into the situation. The literature on the indirect economic impact of these projects is reviewed and discussed. Private and public stadium projects are compared with respect to construction costs, use, and amenities. The work has an introduction that deals with the justification of subsidies, a comparison of ownership plans of the facilities, and a review of the literature. Following this are 15 chapters dealing with individual stadium projects. A summary and analysis of financial and non-financial data are followed by a conclusion.

Product Details

ISBN-13:	9780313278167
Publisher:	Bloomsbury Academic
Publication date:	09/29/1994
Series:	Contributions in Economics and Economic History , #15
Pages:	264
Product dimensions:	6.14(w) x 9.21(h) x 0.62(d)

About the Author

DEAN V. BAIM is an Associate Professor of Economics and Finance at Seaver College, Pepperdine University, where he has been on the faculty since 1983. Dr. Baim was named Pepperdine University Professor of the year in 1990, and Pepperdine University Society for the Advancement of Management's Professor of the Year in 1984, 1989, 1991, and 1992. He has served widely as a consultant and as an advisor. He has written numerous jourbanal articles and contributions to books.

Table of Contents

Tables
Preface
Introduction
Milwaukee County Stadium
Baltimore Memorial Stadium
Buffalo War Memorial Stadium
Denver Mile High Stadium
Dodger Stadium
Robert F. Kennedy Stadium
Anaheim Stadium
Atlanta-Fulton County Stadium
Oakland-Alameda Coliseum Complex
Jack Murphy Stadium
Cincinnati Riverfront Stadium
Foxboro Stadium
Rich Stadium
Louisiana (New Orleans) Superdome
Minneapolis Metrodome
Summary and Analysis of Financial Data
Non-Financial Data and Analysis
Comparison of Public and Private Stadiums
Conclusion
Bibliography
Index

Editorial Reviews

Analyzes the economic implications of public subsidies for or public ownership of huge sports stadiums. Among the findings are that such subsidies always cost the taxpayer money and benefit the fan little if at all, that the costs are almost always for construction and so non-recoverable, and that the terms a city must offer to attract a major league team rarely pay even operating expenses let alone initial investment. Concludes that perhaps non-economic benefits outweigh the financial losses, but the subject has not been adequately studied. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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