The Park Place Economist


Ken Perry '01


One of the most interesting issues in state and local public finance over the last 10-15 years has been the debate over state and local contributions to professional sports stadiums. Despite a large amount of empirical evidence indicating that state and local governments receive very little, if any economic benefit from the stadiums they help build, for some reason they keep building them (Bade, Rosentraub). Much research has gone into this issue, and essentially the same result was found each time: stadiums are poor investments for governments.