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Civic Stadium Research Paper

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Civic funded stadiums/arenas have been a wise investment for those involved in the actual investing act rather than those paying through different kinds of taxes. The cities themselves tend to remain rather even in the end, economically, with the buildings having been funded in such a manner. One benefit for all stadiums that are owned in this fashion is the ability for the city to sell the property/building. A situation like this would be a wise investment for the organizations who are able to provide such an opportunity as they are the people who will receive the monetary gains. In particular, cities who are currently experiencing significant increasing economic growth would benefit the most from this situation. For a city that would be on the cusp of becoming a metropolitan, either moving or starting a professional team could help ingrain the team within the image of the city. If there are no other similar teams near the area, this can help bring business to continue improving and growing the surrounding economy. This new team would be able to bring revenue to an already growing area which could hopefully sustain such an addition. A civic funded stadium would be a wise investments for a budding city. …show more content…
On one hand, a city might have an increase sense of unity. Since there is a sports team residing in their current location, people may feel a hometown obligation to cheer for and support such a team. Because of this, people within the city may feel as if they should go to games to support the local economy. At the same time, having an up to date or new facility may instill a sense of pride about a sports arena. Such a feeling may also increase interest in the team. Increased interest in a team by fans would, therefore, encourage vendors to create a better relationship with the

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