Why I Want To Build Sports Stadiums

The loss of industries was one of the reasons for the decline of the city. Therefore, the city in conjunction with the federal government must work on serious strategies and tactics to bring back industries that were lost in the 1970s. This of course would mean giving out incentives to the corporations and certain tax reliefs and so forth. That initiative alone would solve the city’s major economic issues because it would provide jobs to low-skilled workers as well as the blue collar workers because that those are the groups that are

In 2010 there was a study conducted by Greater Memphis Chamber of Commerce to determine what the economic impact of the Memphis Grizzlies and the FedEx Forum was on the economy of the greater Memphis area. A professional sports team such as the Memphis Grizzlies is going to aid the community in increasing the revenue of the local economy. Games or concerts at the arena will draw in individuals from outside of the area who will buy such things as food, luxuries, or hotel rooms, which directly impact the local economy. This is why it can be beneficial for a large community such as Memphis to be able to host a professional sports team. In order to determine the benefits and economic impact, the community and organization need to be able to determine

In response to the lack of effort on the part of businesses to renovate the downtown area, city council members to take action. What are some ways that the city government could promote this kind of revival?

Revitalization is commonly done with community residents and organization, according to Stacey Sutton. If the community member starts to revitalize before gentrification hit their neighborhood, they can prevent price increase and their neighborhood will remain affordable. This just means that teamwork in making the community better will help its neighborhood be excluded in gentrification process and will keep the representation of the neighborhood from vanishing, for example, its cultural

In the project overview they state that “Temple will not buy any homes to make way for this project,” ensuring that all land being used to build the stadium is owned by Temple. From looking at the illustrations they have on the project overview, the stadium is not too big, the overall renovation makes the area look more appealing to the eye, and more businesses and jobs will be created. But, with all of these positives come negatives, when the stadium is built, how will this affect the residents property taxes and rent, and what happens when soon they can’t afford those taxes? This stadium may look and sound great, but the residents who have lived in the community for years may soon be forced out due to this increase of property taxes and rent which is not

Gentrification should also be used to create useful businesses. They should create more job training and schools. There should also be more daycares in the area. It is hard for some parents to work or train for interviews when they have little kids. If people established a reliable daycare, then adults would be freer to work and grow. Another way the community could grow is if they promoted local businesses instead of chains. Local business create a sense of nostalgia, so locals will want to help their community

City area can no longer rest on its reputation as a diversified economy with a well-educated population. The region has fallen behind in growth and competitiveness compared to its peer cities and it needs concerted focus to improve.

must be rebuilt. Shortage of ideas on how to rebuild the city is no issue; but rather the dedication to get

Historically, when sports teams move into a city it bring the influence of sports, and gets the community more involved. After the Cold War, US officials wanted to make young men stronger to be prepared to defend the country through sport. Parks, gyms and other recreational places were implemented because it was thought that through sport these men could prove their country was superior to all nations (Friedman 4/26). These recreational sport and parks would help men develop militaristic values and strategies. President Kennedy introduced the presidential fitness test to have physical training start at young ages as well. Us leaders wanted to close a perceived muscle gap between youth in the US and youth in Europe. (Montez 129).It is also said that by having a stadium in a city would create potential athletes because there was a plethora of parks and gyms around, there was no excuse for an athlete to not be created. This deal however, took that from Cobb County. In the article it states that, paying for the stadium meant budget cuts for the county’s park system. This would create a muscle gap with in the country itself, also eliminating potential athletes that could come from the

Canadians think that spending money and buying and building new stadiums and arenas will give large economic benefits, but that is wrong; the unemployment rate in Canada is steady, there is not much benefit from building them and most tickets to games are bought by locals so why bother using tax dollars to build something new when its not benefiting Canadian economy? Building new facilities will not support nor boost economic status by employing more people whatsoever. A study conducted by Victor Matheson a professor of Economics at the College of the Cross in Worcester, said, "So, building a new arena doesn't seem to have any effect on a city's employment, per capita income, hotel occupancy rates, [or]

There are many intangible benefits to constructing a new stadium or arena for a city. First and foremost, it creates a sense of identity within the

Area political leaders, local community heads as well as owners of professional sports franchise sometimes claim that a pro sports stadium

   Abstract:  The Stadium  construction boom continues, and taxpayers are being forced to pay for new high tech stadiums they don’t want.  These new stadiums create only part-time jobs.  Stadiums bring money in exclusively for professional leagues and not the communities.  The teams are turning public money into private profit.  Professional leagues are becoming extremely wealthy at the taxpayers expense.  The publicly-funded stadium obsession must be put to a stop before athletes and coaches become even greedier.  New stadiums being built hurt public schools, and send a message to children that leisure activities are more important than basic education.  Public money

Revitalization efforts in downtown areas have gained momentum over the past few decades, this paper is focused on revitalization strategies, recognizing the process of decline, while identifying key strategies used in downtown revitalization efforts over the past fifty years (Faulk 2006). Downtowns, unlike suburban shopping malls or office complexes, evolved slowly over time, responding to changing technologies, social and economic patterns. A city’s identity relies heavily on the image of its downtown, so inevitably cities of all sizes commit themselves to achieving successful downtown redevelopment (Robertson 1995). As I have been reading literature on downtown revitalization a number of strategies and principles have surfaced. Many of

Unfortunately, these arguments contain bad economic reasoning that leads to overstatement of the benefits of stadiums. Economic growth takes place when a community's resources--people, capital investments, and natural resources like land--become more productive. Increased productivity can arise in two ways: from economically beneficial specialization by the community for the purpose of trading with other regions or from local value added that is higher than other uses of local workers, land, and investments. Building a stadium is good for the local economy only if a stadium is the most productive way to make capital investments and use its workers.