Financing Professional Sports Facilities: An Update

Victor A. Matheson ()
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Victor A. Matheson: College of the Holy Cross

A chapter in The Economic Impact of Sports Facilities, Franchises, and Events, 2023, pp 223-232 from Springer

Abstract: Abstract This paper provides the total costs and public contributions for every stadium constructed in the NFL, MLB, MLS, NBA, and NHL between 1990 and 2023. The data show that $75 billion (in 2023 dollars) has been spent on stadium construction in that time period with taxpayers contributing $34 billion of this amount. Following the Great Recession, the average taxpayer contribution for a stadium project fell from 60% of total costs to 30% of total costs, but skyrocketing construction costs often led to total taxpayer subsidies rising.

Keywords: L83; O18; R53; Z23; Stadiums; Arenas; Sports; Subsidies (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-3-031-39248-1_16

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DOI: 10.1007/978-3-031-39248-1_16

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