Pro Sports Impact On The Economy

Most academic economists conclude that sports team owners, developers and politicians are wrong when they claim economic benefits for a city due to having professional sports. This group, out of the University of Maryland and published in Regulation Magazine, busts the norm and contends they actually reduce per-capita income for residents. Even though they don’t include soccer in “major sports”, it’s an interesting read.

At yesterday’s City Council meeting, staff reported that there’s nothing new to report since the Council voted two weeks ago to deny public funding for the group proposing that the City build an MLS Stadium in hopes of attracting an MLS team.

One thought on “Pro Sports Impact On The Economy”

Leave a Reply