Las Vegas Stadium Tragedy

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In addition, academics have attempted to explain stadium subsidies not only in terms of economic returns, but intangible benefits as well. That is, there is clearly some social phenomenon in driving stadium development in terms of the societal role of sports and/or the desire to build large, lasting monuments or edifices. Eckstein & Delaney (2002) discuss “collective conscience and community self-esteem” (p. 235) in terms of manipulative strategies used by pro-stadium advocates, suggesting these sociologic elements seem to override rudimentary economic arguments and commonsense. However, Carlino & Coulson (2004) using regressive analysis of higher rents and lower wage differentials found in NFL host versus non-host cities, conclude that taxpayers…show more content…
How will intangible benefits affect Las Vegas? Is Las Vegas and its growth coalition so different from other American cities and capable of negotiating a fair deal? How will intangible benefits affect Las Vegas? What are the opportunity costs for Nevada and Las Vegas to secure an NFL team? Is Las Vegas and its growth coalition so different from other American cities and capable of negotiating a fair deal? Can the Las Vegas marketplace support an NFL franchise and why is Las Vegas an optimal relocation strategy for the Raiders? These are all important questions that this research project endeavors to ascertain…show more content…
Total Direct Spending and Tax Revenues Generated By Tourists Attending Events at the Thomas & Mack Center https://pdfs.semanticscholar.org/8167/bd3eb3429dc58ea2acbc4ea76e6edde7ab88.pdf Table 1.
Ex post research explains economic data that has already occurred while impact studies project of future economic activity. It should be noted that smaller venues tend to be more versatile in the type of events that can be held. Moreover, since Rosentraub, Cantor, & Wasserman (2012), T-Mobile Arena was opened in early 2016, a new state-of the-art T-Mobil Arena and home of the NHL’s incipient Las Vegas Golden Knights (T-Mobile Arena, n.d.).
As a result, Nevada’s public and private stakeholders have shown a history and willingness to work together for the regional public. The question remains, can the Raiders play nice? Will they embrace the surrounding community and negotiate a civically responsible agreement benefiting all constituencies? Can the Raiders organization view Las Vegas as not just another community to financially ravage and plunder, exacting bounty, spoils, and corporate welfare?
Economic and intangible Benefits, and Opportunity
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