The city of Auckland Australia conducted an assessment of the costs and benefits associated with building a waterfront stadium and in its reports stated that the projected costs of construction initially stated at $500 million would in the end actually cost $1 billion and that this amount would construct eight high schools and simultaneously Auckland opted out of the stadium construction proposal.
SUMMARY and CONCLUSION
Construction of a new stadium is a serious issue and there are a great many factors that must be taken into consideration and those factors have been noted in this study. Unless there is no stadium existing in the city in which a new stadium is being considered and there is no other option but to build a stadium then due to the reasons set out in this report construction of a new stadium is a no-win situation financially as well as otherwise for the community in which new stadium construction is being considered.
Bibliography
Marchek, Jason (2004) Minor League Baseball Stadium Construction: A Primer on the Key Issues and Considerations....
Imposing a Tax or Levy to Build a Sport Facility: As previously mentioned, one of the major concerns that have emerged in the recent past is whether or not a community should impose a levy or tax to pay for bonds for a sport facility that would house a major league professional sport team. Historically, many taxation avenues have been used to pay for the development of a new sport facility.
First, all efforts should be made toward reducing our reliance on fossil fuels instead of encouraging continued reliance on automobiles in the future. Therefore, the available funds should be used to develop alternate transportation methods such as modernized rail systems and even traditional public transportation systems that damage the environment and consume gasoline less than private automobiles on a per-passenger basis. Second, we should be striving to reduce the trend
It is also necessary for the state representatives to be able to identify and implement the most useful tools that safeguard their goals. "Unlike the final score for a game in which there is always one winner and one loser, winning at the negotiating table means sharing resources to achieve multiple objectives. The public sector is getting better at this game and, with some changes, can insure that they
By virtue of the fact that sports such as baseball and football in the United States had begun to prove themselves enormously popular and profitable, the intrusion of sponsorship and advertisement as a regular element of the game had begun a century ago. However, the paired evolution of the sports market to the coverage of an enormous breadth of market contexts and categories and of the media channels through
For all intents and purposes, the public benefits which are stated to accompany the development of a football stadium become increasingly less pertinent to a city's bottom line as time passes. The aging of stadiums and the constant development of newer facilities means that with the passage of just a decade, the returns on such attractions as sports attendance, convention attendance and construction employment have diminished or disappeared entirely.
Despite these glowing reports, Keating (1997) cautions that not every community has enjoyed the same level of success as the studies have suggested. In his essay, "We Wuz Robbed! The Subsidized Stadium Scam" (1997), Keating says, "Only team owners and players clearly benefit from these taxpayer subsidies, because they are relieved of the costs of stadium financing. Indeed, annual debt-service costs can run into the tens of millions of dollars"
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