[Tinordi]

http://onlinelibrary.wiley.com/doi/1...omisedMessage=

This article explores the literature on the impact of professional sports teams and stadiums on their host communities. A large body of research has addressed these issues, some of it academic and much of it for hire by team and sport boosters. The broad conclusion of this literature is that stadiums and franchises are ineffective means to creating local economic development, whether that is measured as income or job growth. There may be substantial public benefits from stadiums and franchises, but those too are insufficient to warrant large-scale subsidies by themselves. In combination with consumer surpluses from attendance, however, subsidies may be efficient. (JEL R58, J30, H71, L83)

http://www.ualberta.ca/~bhumphre/papers/pfm2003.pdf

Local political and community leaders and the owners of
professional sports teams frequently claim that professional sports
facilities and franchises are important engines of economic
development in urban areas. These structures and teams allegedly
contribute millions of dollars of net new spending annually and create
hundreds of new jobs, and provide justification for hundreds of
millions of dollars of public subsidies for the construction of many new
professional sports facilities in the United Sates over the past decade.
Despite these claims, economists have found no evidence of positive
economic impact of professional sports teams and facilities on urban
economies. We critically review the debate on the economic effects of
professional sports and their role as an engine of urban economic
redevelopment, with an emphasis on recent economic research.

http://web.centre.edu/johnsonb/eco40...rts%20Econ.pdf

This article reports an application of the contingent valuation method to measure the value
of public goods generated by a professional sports team, the Pittsburgh Penguins of the
National Hockey League. The data and analysis indicate that a major league sports team
can produce widely consumed public goods such as civic pride and community spirit and
that the value of those public goods may be substantial. However, in the case of the Penguins, the value of the public goods is far less than the cost of building a new arena

http://www.jstor.org/discover/10.230...21101221326037

Sports leagues, franchises, and civic boosters tout the economic benefits of professional sports as an incentive for host cities to construct new stadiums or arenas at considerable public expensive. Past league-sponsored studies have estimated that new stadiums franchises and mega-events such as the Super Bowl increase economic activity by potentially hundreds of millions of dollars in host cities. A detailed regression analysis of taxable sales in Florida over the period extending from 1980 to 2005 fails to support these claims. New stadiums, arenas and franchises as well as mega-events, appear to be as likely to reduce taxable sales as increase them. Similarly, strikes and lockouts in professional sports have not systematically lead to reductions in local taxable sales.