The Impact of a Professional Sports Team on a City

The Impact of a Professional Sports Team on a City

The Impact of a Professional Sports Team on a City
Craig Keller
Microeconomics
12-2 T -T

All major cities in the U.S. have one thing in common with each other; they all have professional sports teams. From New York to Los Angeles, from Seattle to Miami all have professional teams. They all have the devoted fans no matter if they win the championship or they finish last.   But having a major sports team in a city is more than just having someone to cheer for. A sports team can and often does a benefit on the city they are in.   They benefit the city’s economy in various ways.
Oklahoma City is a city that is considered a small market. The city has had sports teams before, an AAA baseball team, and a minor league hockey team, but never a major league team.   Oklahoma City is currently the largest city in Oklahoma. In land area, it is the 3rd largest in the nation behind Anchorage and Jacksonville. (Knapp, 2009) Oklahoma City estimated population is 537,734 as of 2006. ( U.S. Census Bureau, 2010) In 2008 the city finally got a professional sports team. The NBA team the Seattle Supersonics moved from Seattle to Oklahoma City and became known as the Oklahoma City Thunder. The move was possible because the city of Oklahoma had been trying for some time to get a professional team. To do this the city came up with what is called the Metropolitan Area Projects (MAPS), which financed new and upgraded sports, entertainment, cultural and convention facilities primarily in the downtown section with a temporary 1-cent sales tax assessed. Despite the "metropolitan" moniker of the improvement program, the tax was only assessed inside city limits. (Warner, 2003) This desire to update the city and make it more relevant on a national scene as help not just the cities look but also it’s economy. In the oil bust of the 1980’s the entire state felt the hurt of high unemployment, the city fell apart. The area’s that where booming, became run down, the downtown area was a virtual...

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