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Do Sports Teams and Venues Have a Significant Impact on Local Economies?

economic impact
sports teams
stadiums
arenas

The economic benefit of major league sports teams, international mega-events and sport venues has become a particularly contentious public finance issue over the past few decades, according to Robert Baade, Ph.D., Professor of Economics and Business at Lake Forest College, who shares his insights in the following interview.… Continue

Can a TV Show Impact a City’s Economy?

Nashville
Ryman Auditorium
Bridgestone Arena

In the broadest sense, cities that provide the landscape for a television series - or a movie - benefit in both tangible and intangible ways. The increased publicity for and awareness of a city - particularly if portrayed in a positive light - often lead to concrete benefits such as increased tourism, greater economic development opportunities, and perhaps even an influx of residents. Other tangible economic rewards come as a result of on-location filming and production.… Continue

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