Stadiums and Economic Gain Case Study

Stadiums and Economic Gain
Using Denver, Colorado, as a case study, this paper examines whether stadium subsidies create economic gain.
# 53663 | 5,535 words | 19 sources | APA | 2003 | US


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Description:

The literature on the subject is vast and ranges from such major studies like Rosentraub's Major League Losers to numerous short journal articles. The overwhelming consensus in the literature is that policies directed at funneling public money into sports stadiums do not reap the benefits needed or hoped for by the cities. However, this paper argues that these articles and studies are misdirecting the failure to achieve benefits and have not truly determined the successes from publicly-funded sports stadiums. All of the studies have failed to recognize the shortcomings that the cities, not the policy, possessed. This paper answers the following question: in favorable economic, political, social, and structural conditions, can a publicly-funded sports stadium reap benefits for a city? In short, in the best of circumstances, can incentives for sports stadiums pay off? In answering this question, this paper presents a quick review of the literature on the subject recognizing the faults and shortcomings and analyzes the city of Denver, Colorado, in relation to its experience with Coors Field. The paper argues that, in the favorable conditions of Denver and the smart policy choices made by local officials, Coors Field proved a useful tool for revitalizing an area of downtown, facilitated the creation of new businesses, and spurred the development of housing in downtown. The sports stadium is a successful policy if it brings tens of thousands of people to the area for game day. To capture the benefits takes smart policy makers within the cities in question. The paper includes maps and tables.

From the Paper:

"Unlike many cities, the city of Denver seeks to invest in all communities to make them the best and most diverse that they can be. This crime rate decrease and community investment has set the necessary backdrop for capturing economic benefits from people visiting downtown. Since they feel safe, they are much more likely to want to visit local establishments and spend money, thus creating an economic benefit for Denver. This is the most fundamental core policy and achievement that many American cities are failing at. When other cities publicly funded sports stadiums are being analyzed, this particular factor is nonexistent. The crime rate surrounding a stadium is paramount to what level of interactions game attendees will have in the area before and after the game and any study that fails to recognize this, fails to achieve any tangible results from their analysis."

Cite this Case Study:

APA Format

Stadiums and Economic Gain (2004, November 22) Retrieved December 08, 2021, from https://www.academon.com/case-study/stadiums-and-economic-gain-53663/

MLA Format

"Stadiums and Economic Gain" 22 November 2004. Web. 08 December. 2021. <https://www.academon.com/case-study/stadiums-and-economic-gain-53663/>

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