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The Local Context of a Sports Strategy for Economic Development

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  • Mark S. Rosentraub

    (Cleveland State University)

Abstract

Three streams of research offer results in conflict with the conclusion that governments that provide tax dollars to build sports facilities are wasting money. Hamilton and Kahn and Rosentraub and Swindell found instances where the value placed on the intangible benefits of teams could exceed the cost of facilities. Carlino and Coulson's analysis indicated the presence of a National Football League franchise accounted for an 8% increase in rent levels, and Santo's work, also using regression models, found regions with teams and new facilities had higher income levels. Despite possible regional gains, the value of a sports investment rests on its context and the outcomes for the city and county that invested in the facilities. This analysis focuses on the outcomes for Cleveland and then offers a framework to assess the range of economic effects on investor communities.

Suggested Citation

  • Mark S. Rosentraub, 2006. "The Local Context of a Sports Strategy for Economic Development," Economic Development Quarterly, , vol. 20(3), pages 278-291, August.
    • Handle: RePEc:sae:ecdequ:v:20:y:2006:i:3:p:278-291
    DOI: 10.1177/0891242406289349
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    References listed on IDEAS

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    1. Carlino, Gerald & Coulson, N. Edward, 2004. "Compensating differentials and the social benefits of the NFL," Journal of Urban Economics, Elsevier, vol. 56(1), pages 25-50, July.
    2. Arthur C. Nelson, 2001. "Prosperity or Blight? A Question of Major League Stadia Locations," Economic Development Quarterly, , vol. 15(3), pages 255-265, August.
    3. Dennis Coates & Brad R. Humphreys, 1999. "The growth effects of sport franchises, stadia, and arenas," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(4), pages 601-624.
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    Cited by:

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