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With an eye on the American League Division Series games, Robert Baade, A.B. Dick Professor of Economics and Business at Lake Forest College, discusses his research on how stadiums and games affect communities they're in.
According to Neil de Mause, the author of the famous book Field of Schemes, it has been proven that sports facilities are never economic engines. The claim that they help the areas they are in are false as well. In the end, the taxpayers who have funded it end up paying even more in debt even for those no long in existance. Ironically, those that have been against the new stadium for the Yankees are even the cancelled stadium for the Jets were silent on the arena for the Nets, which almost makes me think of a double standard here. The only difference here is that this arena had forced nearly thousands of people living there to be displaced unlike the other two that I mentioned.
In terms of minor league ballparks, the stadium on Staten Island cost the NYC government approximately $60 million for about 25 games. They rarely use the stadium for other events like summer concerts. The team pays rent based on attendance. Nice deal if you can get it. The host should interview the author of the book and website FieldofSchemeshttp://www.fieldofschemes.com/
i grew up in nyc, and i could not agree more with jk............go tigers.....and screw the corporate greedy..
Yankee Stadium is a temple to Mammonism, so watching the Yankees ELIMINATED from the playoffs in front of their gobsmacked fans is Schadenfreude Nirvana.
Given the sweetheart financial deals the Yankees receive from the city, rooting for them is like rooting for the Borg on Star Trek or rooting for Lloyd Blankflein, Dick Fuld, and the Koch Bros in real life.
Congratulations to the Detroit Tigers and Good Riddance to the NY Yankees http://www.youtube.com/watch?v=B_5z0m7cs0A
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