Results 1 to 9 of 9
  1. #1
    Legend
    Points: 174,241, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 3.0%
    Achievements:
    SocialVeteran50000 Experience Points
    alaskaguy's Avatar
    Join Date
    Apr 2006
    Posts
    10,204
    Points
    174,241
    Level
    100
    Thumbs Up
    Received: 6
    Given: 1

    Public Financing For Stadiums

    A potential relocation of the Seattle SuperSonics to Oklamhoma City has been portrayed by the media as a ransom demand on Seattle for better facilities.

    Nevertheless most economists conclude that government financing of stadiums is a bad investment. Any thoughts?



  2. #2
    Pro
    Points: 48,199, Level: 67
    Level completed: 90%, Points required for next Level: 151
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    sodakjoe's Avatar
    Join Date
    Sep 2006
    Location
    Ames via Sioux Falls, SD
    Posts
    2,799
    Points
    48,199
    Level
    67
    Thumbs Up
    Received: 0
    Given: 0

    Re: Public Financing For Stadiums

    Quote Originally Posted by alaskaguy View Post
    A potential relocation of the Seattle SuperSonics to Oklamhoma City has been portrayed by the media as a ransom demand on Seattle for better facilities.

    Nevertheless most economists conclude that government financing of stadiums is a bad investment. Any thoughts?
    I would say that economically, no, it's probably not a great investment. The tax dollars that a stadium brings in doesn't really change all that much from an old facility to a new one. Where paying for a new stadium is beneficial has nothing to do with money. It's about fans, civic pride, and tradition. To have a successful franchise, you need a fan base that is willing to pay the tax dollars necessary to keep the team there. When cities fork over the money for new facilities, it's not because they think they'll make money, it's because it makes the people of their city happy.


    Green hills for thy throne, and for crown a golden melody/Ringing in the hearts of all who bring thee love and loyalty/Dear Alma Mater, make our spirits great
    True and valiant like the bells of I-O-WA STATE!

    And thank you Stumpy for this:

  3. #3
    Hall-Of-Famer
    Points: 70,708, Level: 82
    Level completed: 57%, Points required for next Level: 742
    Overall activity: 8.0%
    Achievements:
    Veteran50000 Experience Points
    isufbcurt's Avatar
    Join Date
    Apr 2006
    Location
    Des Moines
    Posts
    4,342
    Points
    70,708
    Level
    82
    Thumbs Up
    Received: 360
    Given: 694

    Re: Public Financing For Stadiums

    kind of off topic, but I think the move would be great for the sonics. I go to OK City 4 times a year for work and the Ford Center is pretty darn nice and when New Orleans relocated to play there they had alot of support at the games.

    Now on topic, I have no problems with city's helping to finance sports venues. These teams bring alot of income to the city and in some cases the city is mainly known because of the sports teams.



  4. #4
    Starter
    Points: 11,451, Level: 32
    Level completed: 29%, Points required for next Level: 499
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Mar 2006
    Location
    Wichita, KS
    Posts
    657
    Points
    11,451
    Level
    32
    Thumbs Up
    Received: 1
    Given: 1

    Re: Public Financing For Stadiums

    Seattle has voted down public financing of a new basketball arena I think 3 times now mostly because they've already built 2 new stadiums in the past 10 years.



  5. #5
    Legend
    Points: 174,241, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 3.0%
    Achievements:
    SocialVeteran50000 Experience Points
    alaskaguy's Avatar
    Join Date
    Apr 2006
    Posts
    10,204
    Points
    174,241
    Level
    100
    Thumbs Up
    Received: 6
    Given: 1

    Re: Public Financing For Stadiums

    A lot of the opposition is that government has limited revenue. Social activitists make a stink whenever government money is rationed away from social programs to support millionaire players and billionaire owners.



  6. #6
    Speechless
    Points: 395,323, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    57,899
    Points
    395,323
    Level
    100
    Thumbs Up
    Received: 415
    Given: 300

    Re: Public Financing For Stadiums

    Oklahoma City can have them. Seems these teams are using Okie City as a threat to move to in about five other cities also. Just fill them up, and then see where the owners can pipedream to move to. Like Honolulu and Kansas City will want a team. KC just built a new venue for the Utah Jazz. Let's move them now.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

  7. #7
    Legend
    Points: 174,241, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 3.0%
    Achievements:
    SocialVeteran50000 Experience Points
    alaskaguy's Avatar
    Join Date
    Apr 2006
    Posts
    10,204
    Points
    174,241
    Level
    100
    Thumbs Up
    Received: 6
    Given: 1

    Re: Public Financing For Stadiums

    Another anti-stadium argument is that it is that public financing is nothing more than a transfer tax. When the government approves subsidizing the cost of a stadium they favor one form of entertainment over others. Taxpayers don't consider that we should raise taxes and spend millions on subsizing the cost of most other forms of entertainment. Yet we do for professional sport stadiums. Subsidizing sports stadiums influences people to spend their limited entertainment budgets on attending events in the sports stadiums rather than going to the movies, eating at restaurants, etc. So people are just transfering their entertainment dollars from one entertainment source to another.


    Last edited by alaskaguy; 11-05-2007 at 01:35 PM.

  8. #8
    Legend
    Points: 140,900, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points
    Flag Guy's Avatar
    Join Date
    Mar 2007
    Location
    Maryland
    Posts
    13,090
    Points
    140,900
    Level
    100
    Thumbs Up
    Received: 0
    Given: 0

    Re: Public Financing For Stadiums

    Don't care to completely debate the topic (should be in class... think I'll actually go) but nice facilities and a good team bring people into the city, who spend money on parking, food, hotels

    City pride certianly becomes a factor too


    Oh we will fight, fight, fight for Iowa State,
    and may her colors ever fly!!!
    In Accordance with Prophecy

  9. #9
    Hall-Of-Famer
    Points: 56,228, Level: 73
    Level completed: 46%, Points required for next Level: 822
    Overall activity: 11.0%
    Achievements:
    Veteran50000 Experience Points
    pulse's Avatar
    Join Date
    Mar 2006
    Posts
    4,632
    Points
    56,228
    Level
    73
    Thumbs Up
    Received: 39
    Given: 47

    Re: Public Financing For Stadiums

    The only thing building a new stadium can do to help a city is to revitalize long depressed areas. That isn't to say that is a reason to do it, but its the only benefit I can think of. It does create jobs, which politicians will always spout, but it doesn't create that many and they're low paying anyway and sporadic (game days).

    I think public money for stadiums is a bad idea. As far as an NBA team moving from one city to another.... ehhh.. let 'em threaten to move, its not like an NFL team moving.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Fox Sports 1
  • Iowa State vs. North Dakota State
  • August 30, 2014
  • 11:00 AM