When an NFL team wants to build a new stadium, it often argues that the facility would boost the local economy.
But that is not true, says Roger Noll, a Stanford professor emeritus in economics. [...]
"NFL stadiums do not generate significant local economic growth, and the incremental tax revenue is not sufficient to cover any significant financial contribution by the city," said Noll, a senior fellow at the Stanford Institute for Economic Policy Research. — stanford.edu
The Carson City Council unanimously approved a privately financed stadium for the San Diego Chargers and Oakland Raiders on Tuesday night, barely two months after the public announcement of the $1.7-billion project.
"There are two things we need in California: rain … and football," Carson Mayor Albert Robles said after the 3-0 vote. "And football is coming to Carson!" — latimes.com
After investing five years and $50 million in an attempt to bring an NFL team back to Los Angeles, AEG is abandoning plans for its Farmers Field football stadium downtown.
The sports and entertainment conglomerate is no longer in discussions with the NFL or any teams about the project, company officials said Monday. [...]
In recent weeks, competing stadium proposals in Inglewood and Carson, backed by NFL team owners, have overshadowed the AEG plan. — latimes.com
In the last 20 years, just one NFL stadium has been built solely through private funding. [...]
Still, when it comes to getting the best deal out of an arena, leaving taxpayer money off the tab is only a good start.
Studies have repeatedly shown that sports teams don’t have the far-reaching economic impacts that one might assume, and experts have noted that stadiums aren’t as catalytic as some franchise owners might tout. — nextcity.org
A coalition of environmental activists and community advocates has mounted the first major legal challenge to a planned downtown [Gensler-designed] Los Angeles NFL stadium, filing a suit Thursday that says a state law intended to assist the project is unconstitutional. — latimesblogs.latimes.com
Construction of a $1-billion NFL stadium and a new wing of the Convention Center in downtown Los Angeles would dramatically increase the number of convention bookings while generating $22 million annually for the city, according to the findings of two reports commissioned by the project's developer. — latimes.com
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