Sources: Barclays Center Up For Sale Bengals Upgrading Player Facilities UConn Unveils Hoops Practice Facility Rose Bowl Gets Winter Sports Event Orlando City SC Breaks Ground On $110M Stadium Legends, Kings Ink Deal For New Arena City Of Detroit To Demolish Joe Louis Arena College Facility Notes Facility Notes Devils Hope Improved Arena Will Stand Out
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PUBLIC BEGINNING TO SAY NO TO PUBLIC FINANCING OF STADIUMS
Published December 9, 1997
The emerging public backlash to publicly financed sports facilities was examined in BUSINESS WEEK by Jay Weiner of the Minneapolis Star-Tribune and Justin Catanoso of the Greensboro News & Record. Weiner & Catanoso: "[P]ublic financing for pro sports facilities is no longer a slam-dunk." Univ. of Chicago sports economist Allen Sanderson says that "a better-informed public has become skeptical of sports investments." Sanderson: "Sports do not create very many jobs, and there's no evidence that they help attract new industry." Weiner & Catanoso: "Communities have long paid dearly to support their teams, but the costs have reached unconscionable levels. The economics of pro sports is spinning out of control, and perhaps the only thing that can rein it in is the voice of people ... Voices that won't take it anymore" (BUSINESS WEEK, 12/15).