The article “Taxpayers Have Spent A 'Staggering' Amount of Money On NFL Stadiums” by Travis Waldron draws attention to two main points. First that American Taxpayers spent an estimated seven billion dollars to help construct twenty- nine of the thirty- one NFL stadiums in our country. This placed the risk of bankruptcy on the taxpayers rather than on the league whose annual revenue is more than ten billion dollars. Second, cities in America love their football teams and will spend very large amounts of money to keep their hometown franchises in place. The author finishes the article by saying, “That $7 billion figure will only continue to grow long after the NFL season begins Thursday night” (Waldron).
I feel there should have been more private investments, and that way, the city wouldn't be holding the debt of something that hasn't made good on the return. Proponents of public financing of stadium and arena construction often make the argument that the facilities will be literally “self-financing.” The way the facilities will become “self-financing” is by generating thousands of jobs, increasing tourism, and providing an even better experience for fans attending the games. If a city is interested in “re-developing” a certain area, stadiums and arenas are seen as a possible catalyst for the intended rejuvenation. Stadiums are massive projects that can transform the landscape of a city practically overnight and perhaps put the city on the map nationally.
According to Doc 1 Pierre de Coubertin, founder of the modern Olympic movement revived the olympics in order to bring peace to the world. While the Olympics to bring peace temporarily during the event many people such as Coubertin believed that the games would slowly create a more stable world with less hardships such as war. The fact that the Olympic games are on the foundations of the desire to create peace show how that is the the game's main purpose. Showing how even if the Olympics failed in that aspect it still would always have the intentions of bringing nations together. Another Document showing that the Olympics brought together nations is Doc 5.
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.
In both situations, they got to work on the infrastructure, so why not spend a little more and host the Olympics as well. It will be a long-term investment. Transportation and roads in Toronto will be upgraded, if the Olympics were to be held. Also, this will bring in tourism money in Toronto as people around the world will see the scenic views of Toronto. This will make dumb want to visit Toronto.
Document 5 includes the statement of the Mayor of Tokyo in 1972. In his statement he states that the games helped his city rise in world trade power. On that note, in document 9 they show a graph representing the increasing numbers in money for the Olympic committee to gain TV and radio broadcast rights. The Olympic games have a ton of money hiding in its name. Millions of dollars are spent every game that follows.
Without athletes there would be no games, and hence no money and why they should be financially
Sports are something most Americans can relate to; many of us played some type of sport as a kid and some of us are die-hard fans. Sports have developed with us as a society and have become an interwoven piece of our culture and their effects can be seen in many cities countrywide. The facilities where these teams play can become a centerpiece of the local community and the teams themselves can bring people from all walks of life together in search of one mutual goal, for their team to win. The controversy arises when it comes to how many professional stadiums are routinely being funded and whether taxpayers should foot the multi-billion-dollar bill. This has not always been a controversy, however, as prior to 1953 stadiums were largely funded
Also, the several years of planning and investing in the Olympics will help create jobs and can help revitalize depressed
Grapes of wrath won the 1962 Nobel Prize ("The Nobel Prize in Literature 1962. " The Nobel Prize in Literature. N.p., 2014. Web. 12 May 2017.).
They have to pay the bills to keep their stadiums up and running. There is a lot of staff and security that have to help work their games as well. We can’t exclude the coaches, and staff that help run the games as
Marketing jobs have opened for athletes more recently but have generated many prophecies for the economy and sporting teams. The economy is extremely impacted by the consumer spending that takes place during their visits. Tourists who come to games have to make themselves a livable space and live a memorable moment. Sports tourism increases local businesses' income, transportation, hotels, and restaurants (Tap). When a city hosts an event, fans need a place to stay, eat, and activities to do.
People claim that the players are the reason people come to the games. Their performance dictates the crowd and the fan base. That since the players are the ones exposing themselves to risks and dangers they should at least receive a compensation. The players do play a big part in the program’s success, but there is a great amount of work done elsewhere. The cost to run and operate a sports program can prove to be a pretty penny.
To gain a better understanding of how the Olympic and Paralympic games affect and are affected by the host nation I am going to compare and contrast the London games to the 2008 Chinese games and the upcoming Brazilian games.
The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities
