Each home game of the Stanley Cup Finals is projected to bring in $2 million to $3 million in tourism revenue.
A $2M state grant is bringing the 2026 MLS All-Star Game to Charlotte’s Bank of America Stadium, home of the Panthers and Charlotte FC.
The overwhelming consensus is that states and localities that subsidize ballparks and arenas do not derive enough economic return to justify the cost.
Almost as shocking as the allegations of sexual and racial misconduct about Carolina Panthers’ owner Jerry Richardson published Friday was the news Sunday night that the founding owner of the NFL franchise would sell it at season’s end. The club also announced Monday Richardson immediately would surrender daily management responsibilities. The initial buzz centered on who might...
Before joining the John Locke Foundation, I spent 28 years in the sports industry as an executive, investment banker and consultant. I’ve studied and worked with lots of the sports leagues and have been involved in various transactions and consultations — including several sports venue financings. I am a big believer in the future of...
A few weeks ago, I wrote about a ballpark proposal in High Point. Recently, I saw a Fayetteville Observer headline: “Fayetteville, Cumberland officials to visit Columbia, S.C. to tour baseball stadium.” Oh, no. I knew where this was going. And I was right. The city has met with the Houston Astros about bringing a minor...
Private financing makes more sense than taxpayer dollars for new stadiums.
Subsidizing stadium construction generally is a bad idea. Even worse is spending public money on sports facilities for teams that may never come to town.
Localities aren't just hurting local taxpayers when they build expensive new playgrounds for pro-sports magnates. They also shift some of the cost to federal taxpayers.
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