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Mark Cuban, Olympics, Corp. America
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<blockquote data-quote="pickup" data-source="post: 965554"><p>I remember seeing some studies on this and the ones I remember(that weren't sponsored by teams begging for new sports arenas at tax payer expense) stated that this may not be the case. The main conclusion of these studies was that people have budgets and that the money expended on going to sporting events means basically less money for movie tickets or dining out. So it is a zero sum game for sales taxes. But with the stadiums comes the additional burdens on the taxpayers.</p><p></p><p>I do understand that some stadiums have revitalized downtown areas of some cities but I can think of many instances where new stadiums did diddley squat for the area. One that comes to mind is the stadium for the Baltimore Ravens.</p></blockquote><p></p>
[QUOTE="pickup, post: 965554"] I remember seeing some studies on this and the ones I remember(that weren't sponsored by teams begging for new sports arenas at tax payer expense) stated that this may not be the case. The main conclusion of these studies was that people have budgets and that the money expended on going to sporting events means basically less money for movie tickets or dining out. So it is a zero sum game for sales taxes. But with the stadiums comes the additional burdens on the taxpayers. I do understand that some stadiums have revitalized downtown areas of some cities but I can think of many instances where new stadiums did diddley squat for the area. One that comes to mind is the stadium for the Baltimore Ravens. [/QUOTE]
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