Date of Submission
Open Access Senior Thesis
Bachelor of Arts
2021 Maxwell A. Fisher
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.
Fisher, Max, "Dropping the Ball: A Political and Economic Analysis of Public Subsidization for Stadium Construction Projects" (2021). CMC Senior Theses. 2756.