Thursday, January 14, 2016

Rams stadium impact

The ongoing discussion of football stadium economic debate continues. On one hand the stadium owners claim that they generate additional revenue to the region and that ticket taxes, or payments per ticket sold, effectively contribute to the local coffers.

On the other hand, there are economists and local officials who say that the numbers do not accurately portray the true state of affairs. They say that the revenue that stadiums are claiming is actually coming from local money that would have stayed in the area anyway. They also argue that while the stadiums bring people in, it can cause traffic issues and local residents to leave.

No matter what side of the fence you are on, it is clear that the large stadiums and accompanying amenities are here to stay. As stadiums continue to expand there will surely be more studies that seek to better understand the financial relationship between stadiums and communities.


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