Problems in St. Louis’ Downtown Revitalization.
A couple of weeks ago, Skip had a post on the lack of development beyond the left-field wall at St. Louis’ Busch stadium. The vacant …
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Reinvesting Revenues From a New Stadium?
This is a common claim made by teams, but I’m skeptical. According to economic theory, the value of any given player/coach/trainer on a profit-maximizing team …
The Continuing Stadium Mess: More Effects of Using Other People’s Money
I’m shocked, shocked I say that this would happen in a case with a publicly-subsidized sports stadium. Eight years ago, as the St. Louis Cardinals …
Is Reliant Stadium Debt Really Junk?
The Houston Chronicle reports: The Harris County-Houston Sports Authority is short $5 million on a debt service payment for Reliant Stadium due this week, prompting …
Trouble in Dallas?
No, this post is not about PacMan. Looks like the credit market problems are starting to affect stadium construction projects. According to an article in …
19 Years Old, 100% Publicly Financed and Owned, and a Pile of Rubble
The Charlotte Coliseum, the site of 19 years of sporting excellence, has been imploded. This arena was opened in 1988 and was built with 100% …
Mega Event Update: Beijing Bird’s Nest Stadium
Stop me if you have heard this one before… Remember all those claims about the continuing benefits that flow from the lavish sports facilities constructed …
Are Stadiums and Players Complements in Production?
Teams seeking public subsidies commonly claim that building a new stadium will improve the team’s revenue flow, allowing it to acquire more talent and improve …