Do Economists Think Funding for a New NFL Stadium in the Local Community is Worthwhile?

Abstract

Stadiums throughout sports are sacred to the athletes that play in them, the fans that watch them and are even landmarks for cities as a whole. Unfortunately, as time goes, sometimes things just get old and worn down, and in this case, these aforementioned stadiums need to be replaced with brand new ones to keep up with the times and create a safe environment for all. In most occasions, choosing the location is the easiest part. What most people don’t know, however, is that the approval process for a new stadium takes months, even years and goes through many different governments. When funding for a stadium, owners must look into how the stadium will be paid for, how much money they will receive from the government, and most importantly, how much of the public’s money they will need to fund these projects. Additionally, looking into the public’s opinion on these new projects and how exactly the public’s money helps fund the stadiums.