Article Title:
P-I Editorials Sports stadiums: Proving its value
Publication:
Seattle Post-Intelligencer
Publication Type:
Newspaper
Date:
04/01/2007
Pages:
D2
Notes:
"The Cato Institute, a longtime critic of sports subsidies, said on its blog last week: 'Our conclusion, and that of nearly all academic economists studying this issue, is that professional sports generally have little, if any, positive effect on a city's economy. The net economic impact of professional sports in Washington, D.C., and the 36 other cities that hosted professional sports teams over nearly 30 years, was a reduction in real per-capita income over the entire metropolitan area.'"
PCAD id:
7500