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Discuss The Pros And Cons Of Downtown Revitalization Of Professional Sports

232 Words1 Pages
The issue of subsidising professional sports teams and building new facilities is not new. In the 1970s, academics such as Roger G. Noll (1974) and Bruce Kidd (1977) raised concerns about this issue, yet the situation is now worse than ever. The big supporters of public subsidies for professional sports are the team owners, the players and media, and, to a lesser extent, the fans themselves. Supporters suggest that the funding of teams and new stadiums is good for a city. They claim these initiatives stimulate economic growth and create new jobs. Ultimately, it is argued, the costs to the taxpayers are outweighed by the benefits. Cities that buy into these claims tend to make these initiatives the main focus of downtown revitalisation
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