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Hidden Subsidies and the Public Ownership of Sports Facilities: The Case of Levi's Stadium in Santa Clara

Author

Listed:
  • Robert Baumann

    (Department of Economics and Accounting, College of the Holy Cross)

  • Victor Matheson

    (Department of Economics and Accounting, College of the Holy Cross)

  • Debra O'Connor

    (Department of Economics and Accounting, College of the Holy Cross)

Abstract

Levi's Stadium in Santa Clara, California is an example of a private financing / public ownership arrangement. While the stadium�s construction resulted in no direct tax increases, this ownership arrangement allows the San Francisco 49ers to avoid many types of taxes on the income generated from Levi�s Stadium. We estimate the total tax savings to the 49ers at between $106 and $213 million over the first 20 years of Levi�s Stadium compared with a privately financed and owned option. We argue that tax savings inherent in private financing / public ownership arrangements represent indirect and hidden subsidies.

Suggested Citation

  • Robert Baumann & Victor Matheson & Debra O'Connor, 2017. "Hidden Subsidies and the Public Ownership of Sports Facilities: The Case of Levi's Stadium in Santa Clara," Working Papers 1705, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:1705
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    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1705-Baumann-Matheson-OConnor_SantaClaraStadium.pdf
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    Cited by:

    1. Lauren R. Heller & E. Frank Stephenson, 2021. "How Does the Super Bowl Affect Host City Tourism?," Journal of Sports Economics, , vol. 22(2), pages 183-201, February.

    More about this item

    Keywords

    football; sports; stadium; tax subsidies; accounting;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z23 - Other Special Topics - - Sports Economics - - - Finance

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