Does hosting a professional sports team benefit the local community? Evidence from property assessments

نویسندگان

چکیده

Local governments often justify subsidizing sports stadiums as economic development projects that have positive returns on investment. If this is true, and quality-of-life spillovers are capitalized in local property values ought to generate additional tax revenue for host municipalities through increased assessments. This analysis uses the synthetic control method estimate effect of a new publicly-funded professional baseball stadium team relocation assessments Cobb County, Georgia. assessment did not increase relative other metro-Atlanta counties following stadiums’ announcement or opening, which inconsistent with having fiscal impact, even its desirable location accompanying mixed-used development. The findings consistent past studies likely generalizable projects.

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ژورنال

عنوان ژورنال: Economics of Governance

سال: 2022

ISSN: ['1435-8131', '1435-6104']

DOI: https://doi.org/10.1007/s10101-022-00268-z