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PRO Alexander - Xiao

Pub subsidies fnanced through bonds

Hard to attract team w/o subsidy

People in community decide whether or not they beneft!" #ports beneft #ociety$

A% Positi&e externalities -------non-uni'ue( )*+ don,t want stadiums(

ohnson" results are almost unanimous only about .*+ on a&g want

to pay or subsidya% Holland .*!0

i% Rigley feldii% 1on-use &alueiii% 2i&e city ma3or-league beneftsi&% 4&en citi5ens who aren,t sports ans beneft

6% onsumer surplus -------/A ohnson( extend 4minent 7omain 80+thin9 its wrong: at least ;*+ stadiums with subsidies also use eminent

domaina% Honan .**;

i% ;!%! benefts -? good in&estment or subsidy

." ommunity 6enefts

!% 4conomy-------obs cost too much( /A 2ordon 3obs are !0)9 per

3ob: pr&t is capable o doing this without 3ob loss( little impact 2ordon" most 3obs rom pub stadiums are small 3obs: neg impact o

3obs and decrease o wagesa% @ncrease Happiness o residentsb% Happiness -? economic beneftsc% ni o Barwic9

i% Happiness up by .*+ii% @ncreases employment

.% Property Calues -------result o this is stadium proximity non-uni'ue

to subsidies but to stadiums( property &alue increase still occurs in neg

world

a% @ncrease in property &aluesi% harles .**;ii% @ncrease in rentiii% @ncrease in property taxes

D% #ocial ohesion -------no lin9 to community benefts( D studies

people are less li9ely to pay ull amount or at all( unity is not the public

subsidy but rom the stadium/team:

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a% @mpacts =O>b% #ome author

i% #tadium decreases crimeii% 7ecrease in &iolent and non&iolent crimeiii% D+ o&erall

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