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Read the following post and give your comments on it. What do you agree with? What do you disagree with? Reply to the following selection:

Read the following post and give your comments on it. What do you agree with? What do you disagree with?

Reply to the following selection:

If you are a student at Saint Leo, it would be wise and advantageous to be mindful of the core values at Saint Leo. I use the core values every day and they are apart of my everyday decisions that I make. I will apply the core values when I go into the workforce once I graduate from Saint Leo. Stadiums and sports arenas certainly have a large impact on local communities. They boost the economy by creating jobs and creating new ways of driving income. There are many financing principles when it comes to building and constructing a new sports stadium or arena. Public financing is what the question is asking about. The textbook describes public financing as one of the largest and most well known forms of funding for sports facilities currently (Brown, Rascher, Nagel, & McEvoy, 2021). The 2 most basic principles of public financing are equity principles and efficiency principles (Brown, Rascher, Nagel, & McEvoy, 2021). Equity is best described as a measure of fairness, it includes three major ideas: vertical equity, horizontal equity, and the benefit of user pays principle (Brown, Rascher, Nagel, & McEvoy, 2021). Vertical equity is concerned with the taxpayer's ability to pay, which usually calls for a tax that does not cause poorer persons to bear a disproportionate share (Brown, Rascher, Nagel, & McEvoy, 2021). The efficiency principle calls for a tax to be easily understood and simple for the government to collect (Brown, Rascher, Nagel, & McEvoy, 2021). It also is low in compliance costs and it is difficult for taxpayers to evade (Brown, Rascher, Nagel, & McEvoy, 2021). Politicians and developers push for this because it is what is in the best interest of the American people and we all would like to think that is what they really think and that what they are doing is ethical. Professional sports teams have tried to get their stadiums publicly funded. A perfect example is when the Rams moved from Saint Louis to Los Angeles. The Rams billionaire owner Stan Kroenke can afford to build a new stadium easily on his own. The stadium would provide a great opportunity to help boost Inglewood's sluggish economy (Povich, 2016). The stadium provides many jobs, opportunities and provides/creates a sense of hope and excitement for the area. It is becoming more and more common that public funding is going to be used for sports stadiums. This started back in the 1960's when most of the NFL stadiums were being constructed (Povich, 2016). 29 of the stadiums were funded through hotel tax (Povich, 2016) and 27 were funded through general obligations (Povich, 2016).

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