Have Public Finance Principles Been Shut Out in Financing New Sports Stadiums for the NFL in the United States?
Over the past 15 years, new stadiums in the National Football League have been built at an unprecedented rate, and most new facilities have utilized significant public funds. This paper looks at whether the methods used to finance these new facilities honored public finance principles regarding equity, efficiency, and transparency. An examination of the 20 NFL stadiums constructed or refurbished since 1992 reveals a trend towards more voter referendums and an increase reliance on taxation of visitors through hotel and rental car taxes. Although taxation of persons living outside one’s own metropolitan area is appealing, this paper suggests that the benefits of these taxes are not nearly so clear.
|Date of creation:||Jul 2005|
|Publication status:||Published in Public Finance and Management, Vol. 6:3, Summer 2006, pp. 284-320.|
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- 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.