Stadium And Arena Funding Case Study

Stadium And Arena Funding Case Study

Introduction and Case Study Participant:



The purpose of this research is to better understand how people think about sports organizations and paying for their own stadiums or arenas or should the public foot the majority of the bill for the stadium or arena through tax dollars. Also, to help organizations understand how to get proper funding for new stadiums that could possibly be available. This is why more sports clubs choose a form of commercial company as the tax treatment for the business. There are different aspects and opinions that the public has when it comes to paying for stadiums through tax dollars and owners paying for their own stadiums. The databases that were used for this research are: the Texas A&M University– Commerce ... Show more content on Helpwriting.net ...There are many things that need to be taken in accounted for when it comes to Stadium and Arena Funding. The biggest thing first would be what type of stadium or arena you are trying to fund. I personally think that the tax payers should pay for half and the sports organizations should pay the other half. The tax payers should help with some of the funding but also some of the responsible should be put on the organizations to fund the other half needed. According to research, the public is more likely to pay a tax on things like: broad–based taxes and special taxes. Special taxes are very important when it comes to funding. When it comes to professional sports, it is a little different than school sports for example, like a high school. In most high schools, the funding comes from a property tax increase and also a government bond. The community is more likely to increase the property taxes for a high school if the community is on board with the funding. Most high schools have some type of alumni donations that can go to help the school in any way that is needed. Keeping all this in mind, some school districts the public may vote against the property tax increase. Most high schools might have a wealthier district than others, which could cause a vote against the increase. There are many different things that can be taxed to help with stadium funding. Professional sports are more likely to get public support for a new stadium. Professional sports usually have a big fan base and serves a form of entertainment for fans. Professional teams also say they will leave and go to another city, which in turn increases funds to keep that certain team in that city. The communities in these cases do not want the team to go to another community and be successful. Most communities are not against funding for stadiums but it depends on how the teams go about it that is the most

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