This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

PILOTs and Public Policy: Steering through the Economic Ramifications

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Brad R. Humphreys () (Department of Economics, University of Alberta)
Victor Matheson () (Department of Economics, College of the Holy Cross)

Additional information is available for the following registered author(s):

Abstract

A recent IRS ruling has allowed the new Yankees Stadium construction project to be financed by a tax exempt bond offering backed by payments in lieu of taxes (PILOTS). This decision appears to contradict the spirit of the Tax Reform Act of 1986. From an economic standpoint, the question is whether it is desirable to significantly expand the number of projects eligible for tax subsidies in exchange for a more direct connection between those receiving benefits from the projects and those paying the taxes, or should the state and municipal bond tax exemption narrowly extend only to true public works even if this means taxing the populace more broadly when certain segments of the population are more apt to benefit from certain projects.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. 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.

File URL: http://www.holycross.edu/departments/economics/RePEc/HumphreysMatheson_PILOTS.pdf
Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Victor Matheson)
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by International Association of Sports Economists in its series Working Papers with number 0832.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 17 pages
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:spe:wpaper:0832

Contact details of provider:
Web page: http://www.cdes.fr/index.php?id=fr69
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Victor Matheson).

Related research
Keywords: sports; stadiums; tax subsidies; economic impact;

Other versions of this item:

Find related papers by JEL classification:
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans and Credits

References listed on IDEAS
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.:

  1. Dennis Coates & Brad R. Humphreys, 2008. "Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events?," Working Papers 0818, International Association of Sports Economists. [Downloadable!]
    Other versions:
  2. Rodney Fort, 2004. "Inelastic sports pricing," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(2), pages 87-94. [Downloadable!]
Full references

Statistics
Access and download statistics

Did you know? All the bibliographic data shown here has been contributed by volunteers, thereby helping to keep this service free.

This page was last updated on 2009-11-7.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.