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12-14-2013, 01:23 PM
  #129
Le CH
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Quote:
Originally Posted by HabsByTheBay View Post
You realize that Tampa makes the playoffs every year, right? Sounds like you don't understand economics, baseball, and tourism either.
You come across as a jerk but I'll respond anyways...

Several independent studies have been done on this subject which shows that the IRR a metropolitan area receives for its investment is generally below that of alternative projects. Roger Noll and Andrew Zimbalist (Economists) have done exhaustive studies on this subject and the results indicate that sports facilities attract neither enough tourists or new industry to offset the cash outflow of financing/building new stadiums.

http://www.stlouisfed.org/publicatio...ticles/?id=468

http://www.uwlax.edu/faculty/anderso...s/stadiums.pdf

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