PROFESSIONAL SPORTS, HURRICANE KATRINA, AND THE ECONOMIC REDEVELOPMENT OF NEW ORLEANS
Robert A. Baade and
Victor Matheson ()
Authors registered in the RePEc Author Service: Arevalo Flores Victor, Jr.
Contemporary Economic Policy, 2007, vol. 25, issue 4, 591-603
"Hurricane Katrina devastated the city of New Orleans in late August 2005, resulting in damage to much of the city's sports infrastructure and the departure of both of New Orleans' major-league professional sports teams, the National Football League Saints and the National Basketball Association Hornets. What should the city provide in the way of financial accommodation to encourage them to return? This paper suggests that post-Katrina New Orleans will have a difficult time retaining their franchises over the long run and in attempting to do so may hinder the redevelopment of the city. Furthermore, the very incentives designed to attract teams in the first place leave cities vulnerable to their departure in times of crisis. Finally, playing host to professional sports and mega-events does have symbolic significance, but it is arguable that this is an amenity the city cannot currently afford. "("JEL "H25, H71, H40, L83, Q54) Copyright 2007 Western Economic Association International.
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1465-7287.2007.00075.x link to full text (text/html)
Access to full text is restricted to subscribers.
Chapter: Professional sports, hurricane Katrina, and the economic redevelopment of New Orleans (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:coecpo:v:25:y:2007:i:4:p:591-603
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1074-3529
Access Statistics for this article
Contemporary Economic Policy is currently edited by Brad R. Humphreys
More articles in Contemporary Economic Policy from Western Economic Association International Contact information at EDIRC.
Series data maintained by Wiley-Blackwell Digital Licensing ().