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Are The Benefits Of Homefield Economics: The Public's Financing Of Stadiums

717 Words3 Pages

In the following articles, “Homefield Economics: The Publics Financing of Stadiums,” by Christopher Diedrich and,” The Stadium Gambit and Local Economic Development,” by Dennis Coates and Brad R. Humphreys they discuss what the advantages and disadvantages are of having Publicly funded stadiums built. The social benefits that professional sports can have on an economy. The associated benefits of having professional sports team players living in the city has on the economy. The articles discuss how the public investment can help with economic benefits, new jobs and more increased tax revenue. Diedrich says that the economic benefits are not nearly as good as the quality of life benefits. Having publicly funded stadiums built is a position that is reasonable and should be supported. Reasons that having publicly funded stadiums built are a good idea includes that idea that having the stadium built in a city will help with the increase of jobs from a construction project, to concession workers. Having the team franchise move to the city will help other types of jobs from having the wealthy athletes living and using local services, and having the sport team move to the cities will help bring up the national pride of the city. …show more content…

The jobs will start with needed construction workings to build the stadium, and many jobs that will be needed to actually run to stadium. From ticket sales, concession, custodians, and security. The article states that these jobs are temporary, that may appear to be reasonable but as long as the stadium stays open that is giving people who didn’t have jobs before a job now. Giving these people jobs gives them money that they can now spend in the community benefiting the

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