Sports Stadiums: Turning Public Money into Private ProfitAbstract: The stadium construction boom continues, and taxpayers are forced to pay for new, high-tech stadiums they don't want. These new stadiums only create part-time jobs. Stadiums bring money exclusively to professional leagues and not to communities. Teams are turning public money into private profit. Professional leagues are becoming extremely wealthy at the expense of taxpayers. The obsession with publicly funded stadiums must be stopped before athletes and coaches become even more greedy. The new stadiums being built harm public schools and send the message to children that recreational activities are more important than basic education. Public money needs to be used for more important services that would benefit the local economy. Stadiums don't help the economy or save struggling cities. There are no net benefits to disposable stadiums, and therefore the obsession with stadiums must be stopped. There is a nationwide trend where taxpayers are asked to pay for new stadiums, these stadiums benefit a single company. A sports construction boom has begun: These new stadiums cost at least $200 million to build, but they usually cost much more. New stadiums have been built, or are under construction, in New York, Pittsburgh, Dallas, Baltimore, Cincinnati, Seattle, Tampa, Washington D.C., St. Louis, Jacksonville and Oakland. This competitive trend replaces old stadiums with flashy, high-tech stadiums used exclusively for one sport. These stages are unnecessary and not convenient. Most of the time new stadiums are not used for multi-purpose purposes, they bring in money exclusively for the professional league and not... middle of paper... a trophy that taxpayers refuse to pay for." Boston. June 17, 1998 . Lopez, Steve. "Money for stadiums but not for schools. Time magazine. June 14, 1999. Mermal, Allison. "A positions against public financing of professional sports stadiums". At what cost. August 5, 1998. Available WWW: http://www.macalester.edu/~communic/course_projects/am.htmlMukherjee, Sougata. "US sports welfare beefs up stadium". Washington Business Journal. September 16, 1996. Noll, Roger and Zimbalist, Andrew. Sports, jobs and taxes: The economic impact of sports teams and stadiums. Brooking Institutions Press, Summer 1997. Vol. 15 No. 3. Ransom notes. “Stadium news from around the country.” WWW available: http://www.ilsr.org/newrules/ransomnotes.htmlRust, M. (1998, August 3). “Public Welfare for Billionaires.” Insight into what's new. v14n28.
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