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Instructions

Read 3 attached reading material, then answer the questions below.In the last 20 years the U.S. has opened 101 new sports facilities and almost all have received public funding totally billions of dollars. At the same time, it is well acknowedlged that throughout the country there is a huge need to invest in failing infrastructure like roads, sewers and water. Research what cities are currently making the drive to fund such stadia? Is this rational governance or sports hysteria? Additionally, most research points to the fact that sports stadiums have no impact on local economies.  To make matters worse, the large resource intensive and imposing stadiums have considerable dire consequences for the environment. How can these issues be reconciled?

Answer

Sport EconomicsThe move towards funding of major stadia in major U.S cities has elicited negative response based on the view that taxpayers have been called in to fund these projects. Cities such as Cleveland, New Orleans, Baltimore and Santa Clara have in the recent past built major stadiums for their NFL teams using money from the public. The economic potential of sports cannot be underestimated considering that returns are likely to be realized from activities such as merchandising and sponsoring events (Dejonghe, 2016). However, according to Waldron (2015), economists agree that it is not feasible to finance stadia development using public funds. There is evidence to suggest that the returns from pursuing this strategy over infrastructure development are not worthwhile. Cities that do...
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