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Have public finance principles been shut out in financing new sports facilities in the United States?

Author

Listed:
  • Robert Baade

    (Department of Economics and Business, Lake Forest College)

  • Victor Matheson

    (Department of Economics, College of the Holy Cross)

Abstract

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.

Suggested Citation

  • Robert Baade & Victor Matheson, 2005. "Have public finance principles been shut out in financing new sports facilities in the United States?," IASE Conference Papers 0527, International Association of Sports Economists.
    • Handle: RePEc:spe:cpaper:0527
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/Matheson_PublicFinance.pdf
    File Function: Paper presented at the 7th Annual IASE Conference in Ottawa, Ontario, June 2005
    Download Restriction: no
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    Citations

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    Cited by:

    1. Victor Matheson & Kent Grote, 2007. "Gamblers' Love for Variety and Substitution among Lotto Games," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 1(2), pages 85-99, June.

    More about this item

    Keywords

    sports; public finance; stadiums; football; NFL;
    All these keywords.

    JEL classification:

    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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