Graduation Year
2021
Date of Submission
5-2021
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Government
Reader 1
Shanna Rose
Reader 2
John Pitney
Terms of Use & License Information
Rights Information
2021 Maxwell A. Fisher
Abstract
The results generated by this research argue that the high cost of public subsidization does not outweigh the benefits associated with new stadiums. By using several cost-benefit analyses, my research adds to the current literature that these projects, while seemingly beneficial for communities, induces negligible or even negative outcomes. In particular, this study details the Las Vegas Raiders and the New York Yankees, explaining how these teams were able to achieve a new stadium. To understand why politicians continually support stadium construction despite extensive literature showing its harms, this research includes explanations based on the political theory from authors such as James Q. Wilson and Murray Edelman. In what is typically an economic issue, this study's inclusion of the political calculus of stadium construction brings a much-needed political perspective, with the hopes that future studies will continue to branch out the political dynamics at play.
Recommended Citation
Fisher, Max, "Dropping the Ball: A Political and Economic Analysis of Public Subsidization for Stadium Construction Projects" (2021). CMC Senior Theses. 2756.
https://scholarship.claremont.edu/cmc_theses/2756
Included in
American Politics Commons, Political Economy Commons, Political Theory Commons, Public Economics Commons
