Economic Opportunity

ICYMI: When NFL Teams Dump Their Fans

October 15, 2016

Writing for RealClearSports, Dana Wade, senior research fellow for the Charles Koch Institute, writes about how taxpayers oftentimes subsidize sports stadiums:

“Roger Noll, an economist at Stanford who has analyzed the issue for decades, maintains that NFL stadiums don’t grow the local economy and don’t raise enough tax revenue to recoup the city’s investment. In fact, according to The Wall Street Journal, economists familiar with the issue are “near unanimous” in the view that stadium subsidies are not worth the cost. Despite these cold, hard facts, NFL owners have benefited from more than $7 billion in taxpayer handouts over the past two decades.”

Read the rest on RealClearSports