“As Stadiums Vanish, Their Debt Lives On”
Ken Belson digs into the financial legacy of the Meadowlands Sports Complex in today’s New York Times. In short, it’s a money loser, with $266 …
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No More Super Bowls in Miami?
A story in today’s Boston Herald reports that posted prices for Super Bowl tickets range from $2,000 to $5,000 in the secondary market. Here are …
Striking Out in DC?
The stadium for the Washington Nationals cost over $600 million, most of it in public funding. A key selling point was economic development of the …
Phoenix Coyotes Declare Bankruptcy
The Phoenix Coyotes (the old Winnipeg Jets) have declared bankruptcy. From the Arizona Republic (HT Warren Meyer): Less than an hour before the National Hockey …
Teams Leave Before the Debt Does
The Red Sox want spiffier spring training digs in Fort Myers, Florida, and the locals of Lee County will oblige. After “kicking the tires” of …
Arena subsidies: Not just for big cities anymore
While the huge subsidies handed out for new facilities in the big leagues get the most press here at the Sports Economist, yesterday the New …
economic development, Economic Impact, hockey, nhl, Phoenix Coyotes, public funding, sports and the economy, Stadium Subsidies
Ice Hockey Success in the Sun Belt
A couple of weeks ago I was contacted by John Miller about a story he was writing on the Phoenix Coyotes. As readers of The …
Message to the Vikings: You Can Have Our Taxes, But You’ll Never Get Our Convention Business!!!
The Minnesota Vikings raised some eyebrows with a presentation they gave about their proposal for a new stadium. A red circle on a map has …
If You Oppose Stadium Subsidies, then You Might Be a Deadbeat
Have you ever wondered about the demographics of people who oppose stadium subsidies? Me neither, but here’s something from Savethevikes.org, a stadium proponent website. As …
Mixed Use Developments
The former Richmond Braves have moved into their new place in Gwinnett, Ga. (with a quote by JC Bradbury of The Baseball Economist and Sabernomics). …