Can New Orleans Play Its Way Past Katrina? The Role of Professional Sports in the Redevelopment of New Orleans
AbstractHurricane Katrina devastated the city of New Orleans in late August 2005, and debates are now underway across the country concerning strategies for reconstructing the City. Both of New Orleans’s professional sports teams, the National Football League Saints and the National Basketball Association Hornets, left the city in the wake of the storm, and the question of what the city should provide in the way of financial accommodation to encourage them to return should be considered in devising a reconstruction plan. New Orleans has hosted a disproportionate share of mega-sports events in the United States given its size and demographics. An important question concerns whether these events have contributed enough to the New Orleans economy to justify reinvestment in infrastructure to restore New Orleans’s place as a leading host of professional sports and mega-events in the United States. This paper examines the economic impact of professional sports on the New Orleans economy and concludes that the redevelopment efforts of New Orleans are better directed at first providing infrastructure that will encourage the return of its middle class citizenry and the restoration of its culture. Playing host to professional sports and mega-events does have symbolic significance, but it is arguable that the city cannot afford to invite guests until it has the means to accommodate them.
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Bibliographic InfoPaper provided by International Association of Sports Economists & North American Association of Sports Economists in its series Working Papers with number 0601.
Length: 26 pages
Date of creation: Mar 2006
Date of revision:
sports; public finance; economic impact; New Orleans; Hurricane Katrina;
Other versions of this item:
- Victor Matheson & Robert Baade, 2006. "Can New Orleans Play Its Way Past Katrina? The Role of Professional Sports in the Redevelopment of New Orleans," Working Papers 0603, College of the Holy Cross, Department of Economics.
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- H40 - Public Economics - - Publicly Provided Goods - - - General
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-04-08 (All new papers)
- NEP-PBE-2006-04-08 (Public Economics)
- NEP-SPO-2006-04-08 (Sports & Economics)
- NEP-TUR-2006-04-08 (Tourism Economics)
- NEP-URE-2006-04-08 (Urban & Real Estate Economics)
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