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Portland Baseball:
Publicly Financed Baseball Stadiums
The Oregon Stadium Campaign a committee of businessmen, women and civic leaders proposed a financing package for a Major League Baseball stadium, in hopes of luring the Montreal Expos to relocate to Portland. ... The policy of publicly funded stadiums is rationalized by the attraction of professional sports and the positive externalities that accompany a professional sports franchise. ...
The positive externalities of publicly financed stadiums are increased tax revenue, local economic development, and the creation of new jobs. ... These benefits such as publicly financed stadiums are expected and necessary aspect of attracting monopolistic sports franchises. ... gThere are very few fields of economic research that produce unanimous agreement, yet every independent economic analysis of the impact of stadiums has found no predictable positive effect on output of employment. ...
Research has shown publicly financed stadiums do not pay for themselves; stadiums do not create enough increase in tax revenue for the host city to support a publicly financed stadium. ... The opportunity costs and the lack of positive economic research in favor of publicly financed stadiums may outweigh the positive effects of brining major league baseball to the Portland area. ... Therefore, attendance and spending at sports stadiums comes at the expense of other entertainment industries.
Approximate Word count = 1546
Approximate Pages = 6.2
(250 words per page double spaced)
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