Yankee Stadium Economics

Imagine being in the 1960s watching your 2 most favorite baseball teams play against each other in the world series. The score is 9-9, the game is tied,the bases are loaded and your favorite player is up to bat. You're sitting in the crowd on the edge of your seat wondering what is he gonna do. Will he hit a home run and win the world series, or will he strike out and disappoint His whole team? Baseball can be very complicated sometimes, but when you know more about a baseball team, famous player, and the equipment ,baseball won’t be complicated anymore .The New York Yankees were well-known in baseball during the 1960s, because of their popularity, the type of equipment they used, and their baseball players.

Being born and raised in Los Angeles, California, the article that intrigued me was “Dodgers asking $12 million a year for naming rights to field”, by Terry Lefton. In the eyes of some, commercialism has saturated historical Major League Baseball stadiums with signage and advertisements plastered across walls.

The past 20 years have witnessed a massive transformation of professional sports stadiums in North America and the rest of the world. In the United States and Canada alone, by 2012, 125 of the 140 teams in the five largest professional sports leagues, the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), Major League Soccer (MLS), and National Hockey League (NHL), will play in stadiums constructed or significantly renovated since 1990. This new construction has come at a significant cost, the majority of which has been covered by taxpayers. Construction costs alone for major league professional sports facilities have totaled in excess of $30 billion over the past two

Not only has Dodger stadium hosted baseball games, it has also held concerts and soccer tournaments and even charity events. The stadium had a huge capacity of 56,000 that makes it the largest than any other MLB stadium. Many fans see Dodgers stadium with admiration because of everything it has accomplished and has been part of. What many do not realize is the suffering of many families that had to take part in order for the Dodgers to have a home and this stadium to take place.

After playing two season in their first ballpark, a new $78,000 stadium was built on the same site as the original ballpark. On July 24, 1948, the new Municipal Stadium was dedicated.

“At the time of world campion New York Yankees opens their home season” this statement has shown that the field is not a national treasure but it is owed by the New York Yankees. The Bronx homestead has become a valuable history in that place. But after branding by the Yankees, the write has felt a huge part of a soul of society has been taken away. He doesn’t like the field they take on to called with the business name such as Trump Stadium or Time warner Parks to attract people for their own well-being. On the writer’s mind the names of great legends like Joe DiMaggio’s has been insulted which has raged him. “it’s also what is about to happen to Yankees Stadium is part of a deeper, acceleration trend in our society, the relentless branding of public spacing” Liu has showed that public space is a part of the soul and sprite of the community which has be disrupted by the relentless branding by the Yankees. He is enraged towards the word branding which is prevailing problems in today’s world. The wants the public spacing to belong to the people and the community. There are piles of example San Francisco’s fabled Candlestick Park is now 3Com park, the selling of bowl names has reached levels, the conspicuous marking of places and things with corporate names and logos in now everywhere in the civil square. This has made Liu unhappy and raged at the same time. He thinks that

Sports teams, or professional athletic organization, are extremely important institutions within a city or region. They can help connect people with places, and through this loyalty, a sense of civic pride can be seen. Furthermore, the multi-billion dollar industry sports produces effects that can impact individuals and communities. In recent years dozens of new sports stadiums have been built throughout the country, with major funding coming from public subsidies. The aim of this paper is to analyze the positive and negative impacts that come with these subsidies.

One of the biggest events that really sparked the start of the new interest of baseball was the building of the new New York Yankee stadium. By the outside being painted, light towers being placed in the outfield, a two story concession stand being built, and corporate boxes being put in, the Yankee’s manager, Leland “Larry” MacPhail, was really setting the stage as to what baseball and baseball parks would turn

The more popular teams such as the New York Yankees, Chicago Cubs, and New York Giants helps the less popular, and weaker teams through playing these larger teams. These less popular teams made profit by ticket sales at the gate, because more people were attracted to watching the big teams come to their stadium and

The construction of this new stadium was far from cheap, costing roughly $278-million, with help from the Saskatchewan party, the roughriders themselves, the city, and of course, the citizens living here in Saskatchewan. The cost of the stadium has been split up between the government, the city, and the sports team so that the government will pay for 80 million, the city will pay 73 million, and the roughriders will pay an additional 25 million.

There was great money around to build stadium, that is Yankee Stadium better named as “The House That Ruth Built”. (The Yankee Sultan of

In the United States, new sports stadiums are commonly seen as a vital part of the redevelopment of a city having a great economic growth with the production of jobs and a positive income builder. After this, the owners of the pro sports teams with millions and millions of dollars of subsidies for the construction of new stadiums and arenas and expect these facilities to generate economic benefits exceeding these subsidies by large margins. However, a growing body of fact indicates that professional sports facilities, and the franchises they are home to, may not be engines of economic benefit anywhere claims Sachse, “. In reality, sports franchises typically account for a very small proportion of the total economic output of the cities in which they reside.” Some economical studies on the amount of income and employment in US cities find no evidence of positive economic benefits associated with past sports facility construction and some studies find that professional sports facilities and teams have a net negative economic impact on income and employment. It just shows that these results suggest that at best, professional sports teams and facilities provide non-pecuniary benefits like civic pride, and a greater sense of community, along with consumption benefits to those attending games and following the local team in the media; at worst, residents

Living in Memphis, TN I can really relate to this topic. I can relate to this because just a few years ago, Memphis built a stadium. The FedEx form Building this stadium has had a huge impact on the economy in Memphis. And it has helped to revitalize the down time area of the city. In this paper, I will be addressing the two following questions; what are the benefits to a town of building a new stadium? And can a new stadium revitalize a decaying section of a city?

   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

Who: Syracuse University will cover $50 million. The school will receive $200 million from the city of Syracuse in bonds. The school will raise $50 million from alumni, sponsors, and other donors as well as a $200 million agreement over the naming rights of the stadium (See Appendix).