Professional Teams as Leverageable Assets: Strategic Creation of Community Value
AbstractProfessional sport teams receive support from their host cities in the form of public subsidies, financial incentives, and public services. Public support derives from the expectation that a team will render economic and social benefits to the community. Claims of economic benefits associated with a team have been widely discredited, and claims about non-economic benefits are merely anecdotal. In order for cities to reap benefits from hosting a team, team and public administrators must shift their focus from impact to leverage. Three interrelated realms of leveraging opportunity can be identified: economic development, place marketing, and social welfare. Strategic action formulated and implemented pursuant to desired benefits can render gains that would otherwise not be obtained. Leveraging can serve economic development by stabilising the workforce, enhancing the tax base, and fostering area redevelopment. Leveraging enables the team to be built into city branding, which can be complemented by specific tactics designed to attract business and tourists, and to boost community self-esteem. Leveraging can also enable the team to support community-building efforts, and to ameliorate social issues. Further work is needed to explore factors that facilitate and that inhibit leverage of sport teams, and to evaluate leveraging strategies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Elsevier in its journal Sport Management Review.
Volume (Year): 10 (2007)
Issue (Month): 1 (May)
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/716936/description#description
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alison L. Booth & Marco Francesconi & Jeff Frank, 2002.
"Temporary Jobs: Stepping Stones Or Dead Ends?,"
Royal Economic Society, vol. 112(480), pages F189-F213, June.
- Alison L. Booth & Marco Francesconi & Jeff Frank, 2002. "Temporary Jobs: Stepping Stones or Dead Ends?," LABORatorio R. Revelli Working Papers Series 8, LABORatorio R. Revelli, Centre for Employment Studies.
- Booth, Alison L. & Francesconi, Marco & Frank, Jeff, 2000. "Temporary Jobs: Stepping Stones or Dead Ends?," IZA Discussion Papers 205, Institute for the Study of Labor (IZA).
- Bush, Alan J. & Martin, Craig A. & Bush, Victoria D., 2004. "Sports Celebrity Influence on the Behavioral Intentions of Generation Y," Journal of Advertising Research, Cambridge University Press, vol. 44(01), pages 108-118, March.
- Dagney Faulk, 2006. "The Process and Practice of Downtown Revitalization," Review of Policy Research, Policy Studies Organization, vol. 23(2), pages 625-645, 03.
- Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle, October.
- Muniz, Albert M, Jr & O'Guinn, Thomas C, 2001. " Brand Community," Journal of Consumer Research, University of Chicago Press, vol. 27(4), pages 412-32, March.
- Head, C. Keith & Ries, John C. & Swenson, Deborah L., 1999. "Attracting foreign manufacturing: Investment promotion and agglomeration," Regional Science and Urban Economics, Elsevier, vol. 29(2), pages 197-218, March.
- O'Brien, Danny & Gardiner, Sarah, 2006. "Creating Sustainable Mega Event Impacts: Networking and Relationship Development through Pre-Event Training," Sport Management Review, Elsevier, vol. 9(1), pages 25-47, May.
- Coates, Dennis & Humphreys, Brad R., 2003. "The effect of professional sports on earnings and employment in the services and retail sectors in US cities," Regional Science and Urban Economics, Elsevier, vol. 33(2), pages 175-198, March.
- Jordan Rappaport & Chad Wilkerson, 2001. "What are the benefits of hosting a major league sports franchise?," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 55-86.
- T. Johnson, 1998. "Minor League Baseball: Risks And Potential Benefits For Communities Large And Small," Review of Policy Research, Policy Studies Organization, vol. 15(1), pages 45-55, 03.
- Lynn W. Bachelor, 1998. "Stadiums as Solution Sets: Baseball, Football and the Revival of Downtown Detroit," Review of Policy Research, Policy Studies Organization, vol. 15(1), pages 89-102, 03.
- John J. Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer.
- Holt, Douglas B, 1995. " How Consumers Consume: A Typology of Consumption Practices," Journal of Consumer Research, University of Chicago Press, vol. 22(1), pages 1-16, June.
- Charles C. Tu, 2005. "How Does a New Sports Stadium Affect Housing Values? The Case of FedEx Field," Land Economics, University of Wisconsin Press, vol. 81(3).
- Robert A. Baade, 2003. "Evaluating Subsidies for Professional Sports in the United States and Europe: A Public-Sector Primer," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 585-597, Winter.
- Lo, Hong K. & Luo, X.W. & Siu, Barbara W.Y., 2006. "Degradable transport network: Travel time budget of travelers with heterogeneous risk aversion," Transportation Research Part B: Methodological, Elsevier, vol. 40(9), pages 792-806, November.
- Heffernan, Jackie & O'Brien, Danny, 2010. "Stakeholder influence strategies in bidding for a professional sport franchise license," Sport Management Review, Elsevier, vol. 13(3), pages 255-268, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.