The Civic Price of Building Stadiums in the US
01.11.2004By Play the Game
The net economic impact of professional sports in Washington DC, and the 36 other cities that hosted professional sports teams over nearly 30 years, was a reduction in real per capita income over the entire metropolitan area.
Moreover, specific economic sectors of the economy that are frequently predicted to be the big winners from stadium construction such as eating and drinking establishements, amusement and recreation facilities and hotels are likely to benefit very little or even be harmed by it.
Dennis Coates and Brad R. Humphreys
Cato Institute Briefing Papers, no. 89