Do an internet search on public funding of stadiums/sports facilities (i.e., the use of taxpayer monies to pay for the construction of stadiums/sports facilities for professional teams) Pay particular attention to research presented by mainstream business news organizations such as: MSNBC and CNBC, as well as any economic think tanks such as the American Enterprise Institute, Brookings Institution, Cato Institute, or the Center for Economic and Policy Research. Links to several economic think tanks can be found at Economics Think Tanks.
Conduct an objective marginal analysis as covered by the text; objectively weigh marginal benefits and marginal costs of the use of taxpayer monies to pay for the construction of stadiums/sports facilities for professional teams. Determine whether or not the if the marginal benefits outweigh the marginal costs.
Please format your response as per below:
1. Identified marginal benefits.
2. Identified marginal costs Γ’ΒΒ what opportunity costs are generated by the decision?
3. Do the marginal benefits outweigh the costs? Why or why not?
Note that this is a societal level marginal analysis so your costs and benefits must be societal level. Also, marginal costs are the opportunity costs which you need to identify.