Open Access Senior Thesis
Bachelor of Arts
© 2011 Grant Bunnage
The growing popularity of North American professional sports over the last twenty years directly coincides with the recent trend of urban communities using tax dollars to publically subsidize professional football, baseball, and basketball stadiums. Communities across North America invest substantial amount of public tax dollars in private facilities in light of a consensus among policy analysts that the economic impact of the new stadium is greatly exaggerated. The economic impact of new stadiums has been extensively researched, the focus of this paper rather, is to examine the impact publically subsidized facilities built in the last twenty years have on the overall team valuation compared to teams with no public subsidy or no new stadium.
Bunnage, Grant J., "Public Dollar Private Owners; Tax Subsidies for New Stadiums in Professional Sports" (2011). CMC Senior Theses. Paper 114.