EDKP 405 Lecture Notes - Lecture 22: George Ritzer, Eugenie Bouchard, Alan Eagleson
7 Mar 2018
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5 counter arguments = against public funds to build new stadiums. Structured by independent economist - owners already rich & making money. *not full time ex: football stadiums = used 15 days/year. = often brought in from other locations so hurt local. Business so spend most of salary in other places with headquarters in other major city ex: restaurants so. Can drive out local businesses in immediate areas around stadiums & hurt other local. Ones because people stay away from city on game days. *once a stadium is built = franchises increase value by 25% so team owners are in powerful. Negotiating position to get what they want when using stadium for their own benefit. New arenas for pro sports = built by owners f teams that use them. 1- made million profit in 1st year [1989] but owed million in debt. 2- debt grew over time to million.
