Honors Capstone Project
Date of Submission
Professor Donald Cardarelli
Professor Kristen Byron
Capstone Prize Winner
Won Capstone Funding
Corporate Finance | Finance and Financial Management
The following paper examines the economic impact that Major League Baseball stadiums have on their surrounding developments and the funding methods used to build those stadiums. It includes a comparison of four examples: Oriole Park at Camden Yards, Busch Stadium, AT&T Park, and Fenway Park. The paper also takes both a qualitative and quantitative analysis of the results promised prior to construction and the various impact reports completed after the stadiums have been completed. The paper analyzes the use of public money for private use and the impact that the stadiums have on new sports centered developments as well as the impact the stadiums have on already existing developments. The various methods used to raise capital for new baseball stadiums are also explored, including public funding which places burden on taxpayer, despite their lack of support. Baseball stadiums are often proposed as a way to bring new revenues to a municipality; however, there is little consensus that the investment is worth the cost. Furthermore, neither the teams nor the municipalities seem to do comprehensive studies to track the impact after the stadium has been completed. This paper seeks to answer the question: What is the economic impact of Major League Baseball stadiums on their surrounding development and are the stadiums an appropriate use of taxpayer money?
Davidson, Adam, "The Economic Impact of Baseball Stadiums on their Surrounding Development" (2011). Honors Capstone Projects - All. 278.
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