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 League commissioner planned to broker ...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 one or two alternative venues, ...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 York Times published a piece on ...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 Sports Economist are well aware, ...Message to the Vikings: You Can Have Our Taxes, But You'll Never Get Our ...
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 become the latest obstacle that ...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 with any public hearing we ...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). As Richmond continues to debate ...Baseball Players vs. Bankers
Today in his blog, Paul Krugman blasts President Obama for comparing banking executive pay to baseball players' earnings. In a recent interview Obama stated, while $17 million is “an extraordinary ...New York PILOT Decision, Part II
I was in Washington DC last Thursday testifying in a hearing that is part of the ongoing investigation by the House Committee on Government Reform, Subcommittee on Domestic Policy into ...Sports Palaces and Municipal Debt
Sports facilities play a prominent role in Steven Malanga's article in today's WSJ, "America's Municipal Debt Racket." Neither Malanga nor I make the claim that spending on sports facilities is ...Subsidies: The Gifts that (taxpayers) Keep on Giving
Happy holidays, loyal TSE readers. Here at The Sports Economist, we like to keep track of who has been naughty and who has been nice in the sports economics world. ...The Hidden, Unexpected Public Costs of a Stadium
The state of Minnesota has found that it's expected revenue stream from new e-gambling games will not be sufficient to fund a new Vikings stadium. The practical problem for ...
