Full Count The Real Cost of Public Funding for Major League Sports Facilities

Governments pay far more to participate in the development of major league sports facilities than is commonly understood due to the routine omission of public subsidies for land and infrastructure, and the ongoing costs of operations, capital improvements, municipal services, and foregone property t...

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Bibliographic Details
Published inJournal of sports economics Vol. 6; no. 2; pp. 119 - 143
Main Author Long, Judith Grant
Format Journal Article
LanguageEnglish
Published Thousand Oaks, CA SAGE Publications 01.05.2005
Subjects
arenas
public subsidies
ballparks
sports facilities
stadiums
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Summary:Governments pay far more to participate in the development of major league sports facilities than is commonly understood due to the routine omission of public subsidies for land and infrastructure, and the ongoing costs of operations, capital improvements, municipal services, and foregone property taxes. Adjusting for these omissions increases the average public subsidy by $50 million per facility to a total of $177 million, representing a 40% increase over the industry-reported average of $126 million, based on all 99 facilities in use for the “big four” major leagues during 2001. For all 99 facilities, these uncounted public costs total $5 billion.
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ISSN:1527-0025
1552-7794
DOI:10.1177/1527002504264614