Public Dollars, Private Stadiums

Public Dollars, Private Stadiums

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The authors provide an eye-opening account of recent battles over publicly financed stadiums in some of America's largest cities. Their interviews with the key decision makers present a behind-the-scenes look at how and why powerful individuals and organizations foist these sports palaces on increasingly unreceptive communities. Delaney and Eckstein show that in the face of studies demonstrating that new sports facilities don't live up to their promise of big money, proponents are using a new tactic to win public subsidiesA¾intangible qsocialq rewards, such as prestige and community cohesion. The authors find these to be empty promises as well, demonstrating that new stadiums may exacerbate, rather than erase, social problems in cities.Public dollars accounted for about 75 percent of the costs at each of these private stadiums a€” a fairly average percentage among the recent wave of new stadiums. ... The baseball stadium was approved 54 to 46 percent in 1990, the football stadium 58 to 42 percent in 1998. The first ... Otherwise, the teams will pay no rent and receive the vast majority of revenues from tickets, parking, and concessions.

Title:Public Dollars, Private Stadiums
Author:Kevin J. Delaney, Rick Eckstein
Publisher:Rutgers University Press - 2003


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