Chapter 7 book More on stadiums Flashcards
1
Q
-owners build stadiums with own money
- 1st era
A
entrepreneurial period
2
Q
- cities bid and paid most of the costs
- 2nd era
A
civic infrastructure
3
Q
- state local pay most, some private investment
- naming rights sold
- 3rd era
A
public/private
4
Q
- varies by city
- some “entirely private”
- nearly all sell naming rights to private firms
- lull for several years after 2008
- 4th era
A
current
5
Q
A
league expansion and movement restrictions effects on stadium negotiations
6
Q
A
stadium location
7
Q
A
winners curse
8
Q
A
taxes and DWL
9
Q
A
tax incidence
10
Q
A
vertical equity
11
Q
A
horizontal equity
12
Q
- taxing goods with negative externalities can reduce DWL
- alcohol
- tobacco
- marijuana
- gambling
A
six taxes
13
Q
-taxes that are directed towards those that are using the good
- parking tax on game day
- ticket fees
- concessions
A
user fees
14
Q
future unrealized tax revenue is ear marked for paying back bonds
A
tax increment financing
15
Q
A
municipal bonds
16
Q
A
