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Economic Impact of Stadium Subsidies
For major metropolitan areas, a major hot-button issue continues to be whether or not to provide public funds and subsidies to assist professional sports teams construct new stadiums. The already wealthy team owners exert political pressure. Fans demand new facilities for their local team.
Analysts are lined up who use quasi-scientific logic to convince legislators that subsidizing the construction of a new stadium will have the effect of increasing jobs and spurring on positive economic growth.
