Money In Stadiums

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Sports are something most Americans can relate to; many of us played some type of sport as a kid and some of us are die-hard fans. Sports have developed with us as a society and have become an interwoven piece of our culture and their effects can be seen in many cities countrywide. The facilities where these teams play can become a centerpiece of the local community and the teams themselves can bring people from all walks of life together in search of one mutual goal, for their team to win. The controversy arises when it comes to how many professional stadiums are routinely being funded and whether taxpayers should foot the multi-billion-dollar bill. This has not always been a controversy, however, as prior to 1953 stadiums were largely funded with private, team money. So, what changed over the past 60+ years? According to Ahiza Garcia of CNN Money and her article “$3.2 Billion in Tax Breaks…For Pro Sports Stadiums” it all changed when Major League Baseball’s Boston Braves relocated to Milwaukee and received a publicly funded stadium from the city (Garcia, 2016). This set off a tidal wave that continues to this day of taxpayer money funding new and renovated stadiums for professional sports organizations. Teams and die-hard fans will often argue the money is being used soundly because the jobs and economic growth created by housing these teams generate a sizable enough return that makes the investment justifiable. However, many economists and researchers find little to no

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