Question
Respond to these two discussion posts. One paragraph each. 1. The Marginal benefits of funding a stadium are broken down into short and long term.
Respond to these two discussion posts. One paragraph each.
1. The Marginal benefits of funding a stadium are broken down into short and long term. The short-term effect is that the stadium and sports teams will create jobs for many people not only in the community but also athletes. Building the stadium is a huge job and The provides many construction workers with work. The long-term effect would be an increase in tourism to the city and stadium. Sports are a major part of American entertainment. Building a sports stadium would bring people in from all over the world.
2. The stadium would be funded by taxpayers' money. The government would then take that money and use it on the stadium. The government only gets a certain amount of taxpayer's money. While that money is going to the stadium it is taking away from many other projects that the government funds using taxpayer money. This includes roads, parks, and educational activities/projects.
3. From my research it looks like the marginal benefits do not outweigh the costs. The money that is going to be spent on the stadium would benefit the community more by going somewhere else. Most people do not attend sports games but just a couple of times a year. For some communities, stadiums seem to perform well and bring overall growth to the economy. For example, when people go to games they need to buy gear, and food before the game from nearby restaurants and create jobs for everyone. I could see both sides, but if the stadium does not bring economic growth more than the cost it would be worth it to build.
1. The marginal benefits for stadium and sports facility funding has always been a controversial issue. The public has always questioned the overall marginal benefits. But the marginal benefits of the public fronting the bill for these new stadiums that we are seeing is very economical and beneficial. For instance, according to Berkley.edu, in the beginning of building these stadiums and sports facilities, there will be thousands and thousands of jobs created to help the community initially. And then over the years, it has been proven that it increases tourism, and helps out local businesses.
2) Marginal cost of public funding stadiums and sports facilities is a dicey issue. When you look at the issue of stadiums costing the tax payers hundreds of millions of dollars to build. It really gets you thinking about where this money is getting pulled from, and what services have been cut or diminished from the public, and if the cut was worth a new stadium. According to Brookings.edu, new stadiums will cost the public over 7 billion dollars over the next couple of years across the USA alone. So is it worth it when the money could be better spent to helppublic education, roads, infrastructure, etc.
3) So do the marginal benefits of a new sports stadium or facility outweigh the costs? According to investigativepost.org, these new stadiums are "just a money pit for taxpayers." These new stadiums have shown to have very little effect on the economy around them, in addition, these teams do not give any money back to the taxpayers, or government. These stadiums tend to only generate a bit of happiness for the small percentage of the city who actually attend the 8 or 9 games a year when in comes to the NFL.
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