Major League Sports And The Property Tax
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Major League Sports And The Property Tax
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Author : Geoffrey Propheter
language : en
Publisher:
Release Date : 2022
Major League Sports And The Property Tax written by Geoffrey Propheter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
This book updates the public policy dialogue on major league sports facilities and the property tax in the US. By providing a rigorous treatment of the property tax within the context of major league sports facilities, this volume clarifies the widely asserted claim that most major league teams do not pay property taxes. The chapters methodically lay out the property tax status of every activity major league facility, the actual worth of that property tax expenditure, and the impact of property tax exemptions on local public services. Using empirical data, the volume provides a foundation for informed policy making regarding major league sports facilities. As such, this book will be a useful tool for researchers and students in sports economics, sports management, public policy, and public finance, as well as practitioners involved in the policy process. Economists have extensively studied the billions of dollars that state and local governments have devoted to funding professional sports stadiums. However, the implicit subsidies that stadiums typically receive through property tax exemptions has received scant attention. In Major League Sports and the Property Tax, Geoffrey Propheter thoroughly examines the common practice of removing sports venues from local tax rolls, which results in millions of dollars in forgone tax revenue that is often not reported in the public accounting of costs. Propheter provides a detailed examination of how property taxes are administered and the implications that derive from stadium property tax exemptions and abatements. His comprehensive analysis presents stylized facts and specific examples that provide the most thorough treatment on the subject to date. The breadth of analysis and meticulous coverage of relevant issues demonstrates why Propheter has emerged as a leading expert on the economics of stadiums. This is perhaps the most important book on the public financing of stadiums written in the past decade, and anyone interested in stadium economics will want their own copy to read and reference. JC Bradbury, Professor of Economics, Kennesaw State University.
Major League Sports And The Property Tax
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Author : Geoffrey Propheter
language : en
Publisher: Springer Nature
Release Date : 2022-12-12
Major League Sports And The Property Tax written by Geoffrey Propheter and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-12 with Business & Economics categories.
This book updates the public policy dialogue on major league sports facilities and the property tax in the US. By providing a rigorous treatment of the property tax within the context of major league sports facilities, this volume debunks the widely asserted claim that most major league teams do not pay property taxes. The chapters methodically lay out the property tax status of every activity major league facility, the actual worth of that property tax expenditure, and the impact of property tax exemptions on local public services. Using empirical data, the volume provides a foundation for informed policy making regarding major league sports facilities. As such, this book will be a useful tool for researchers and students in sports economics, sports management, public policy, and public finance, as well as practitioners involved in the policy process. Economists have extensively studied the billions of dollars that state and local governments have devoted to funding professional sports stadiums. However, the implicit subsidies that stadiums typically receive through property tax exemptions has received scant attention. In Major League Sports and the Property Tax, Geoffrey Propheter thoroughly examines the common practice of removing sports venues from local tax rolls, which results in millions of dollars in forgone tax revenue that is often not reported in the public accounting of costs. Propheter provides a detailed examination of how property taxes are administered and the implications that derive from stadium property tax exemptions and abatements. His comprehensive analysis presents stylized facts and specific examples that provide the most thorough treatment on the subject to date. The breadth of analysis and meticulous coverage of relevant issues demonstrates why Propheter has emerged as a leading expert on the economics of stadiums. This is perhaps the most important book on the public financing of stadiums written in the past decade, and anyone interested in stadium economics will want their own copy to read and reference. JC Bradbury, Professor of Economics, Kennesaw State University
Public Private Partnerships For Major League Sports Facilities
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Author : Judith Grant Long
language : en
Publisher: Routledge
Release Date : 2013
Public Private Partnerships For Major League Sports Facilities written by Judith Grant Long and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
This volume takes readers inside the high-stakes game of public-private partnerships for major league sports facilities, explaining why some cities made better deals than others, assessing the best practices and common pitfalls in deal structuring and facility leases, as well as highlighting important differences across markets, leagues, facility types, public actors, subsidy delivery mechanisms, and urban development aspirations. It concludes with speculations about the next round of facility replacement amidst rapid changes in broadcast technology, shrinking domestic audiences, and the globalization of sport.
Sports Jobs And Taxes
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Author : Roger G. Noll
language : en
Publisher: Brookings Institution Press
Release Date : 2011-03-01
Sports Jobs And Taxes written by Roger G. Noll and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-01 with Business & Economics categories.
America is in the midst of a sports building boom. Professional sports teams are demanding and receiving fancy new playing facilities that are heavily subsidized by government. In many cases, the rationale given for these subsidies is that attracting or retaining a professional sports franchise—even a minor league baseball team or a major league pre-season training facility--more than pays for itself in increased tax revenues, local economic development, and job creation. But are these claims true? To assess the case for subsidies, this book examines the economic impact of new stadiums and the presence of a sports franchise on the local economy. It first explores such general issues as the appropriate method for measuring economic benefits and costs, the source of the bargaining power of teams in obtaining subsidies from local government, the local politics of attracting and retaining teams, the relationship between sports and local employment, and the importance of stadium design in influencing the economic impact of a facility. The second part of the book contains case studies of major league sports facilities in Baltimore, Chicago, Cincinnati, Cleveland, Indianapolis, San Francisco, and the Twin Cities, and of minor league stadiums and spring training facilities in baseball. The primary conclusions are: first, sports teams and facilities are not a source of local economic growth and employment; second, the magnitude of the net subsidy exceeds the financial benefit of a new stadium to a team; and, third, the most plausible reasons that cities are willing to subsidize sports teams are the intense popularity of sports among a substantial proportion of voters and businesses and the leverage that teams enjoy from the monopoly position of professional sports leagues.
Becoming Big League
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Author : Bill (William) Mullins
language : en
Publisher: University of Washington Press
Release Date : 2013-06-18
Becoming Big League written by Bill (William) Mullins and has been published by University of Washington Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-18 with Sports & Recreation categories.
Becoming Big League is the story of Seattle's relationship with major league baseball from the 1962 World's Fair to the completion of the Kingdome in 1976 and beyond. Bill Mullins focuses on the acquisition and loss, after only one year, of the Seattle Pilots and documents their on-the-field exploits in lively play-by-play sections. The Pilots' underfunded ownership, led by Seattle's Dewey and Max Soriano and William Daley of Cleveland, struggled to make the team a success. They were savvy baseball men, but they made mistakes and wrangled with the city. By the end of the first season, the team was in bankruptcy. The Pilots were sold to a contingent from Milwaukee led by Bud Selig, who moved the franchise to Wisconsin and rechristened the team the Brewers. Becoming Big League describes the character of Seattle in the 1960s and 1970s, explains how the operation of a major league baseball franchise fits into the life of a city, charts Seattle's long history of fraught stadium politics, and examines the business of baseball. Watch the trailer: http://www.youtube.com/watch?v=7hwhl5sLoQs&list=UUge4MONgLFncQ1w1C_BnHcw&index=1&feature=plcp
Professional Sports Stadiums
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Author : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy
language : en
Publisher:
Release Date : 2009
Professional Sports Stadiums written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Architecture categories.
Major League Winners
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Author : Mark S. Rosentraub
language : en
Publisher: CRC Press
Release Date : 2009-07-28
Major League Winners written by Mark S. Rosentraub and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-28 with Business & Economics categories.
Major League Winners: Using Sports and Cultural Centers as Tools for Economic Development chronicles the challenges overcome by civic leaders who are using the development of sports and cultural venues to help create diversified, vibrant, and attractive economic bases within their communities. Drawing on his 30 years of involvement with such projec
The New Boys Of Summer
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Author : Paul Hensler
language : en
Publisher: Rowman & Littlefield
Release Date : 2017-10-06
The New Boys Of Summer written by Paul Hensler and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-06 with Sports & Recreation categories.
The 1960s were among the most compelling years in the history of the United States, from the intensifying clamor for civil rights to the tragic incidents of assassination and war. Caught up in this sea of restlessness was major league baseball, and the manner in which baseball addressed the challenges of this decade would have a lasting impact on the game. In The New Boys of Summer: Baseball's Radical Transformation in the Late Sixties, Paul Hensler looks at the key issues confronting baseball during this tumultuous time. Hensler carefully examines how domestic racial issues, the war in Vietnam, assassinations of prominent public figures, youthful rebellion, and drug use each placed their imprint on the game just as baseball was about to celebrate its centennial season. The expansion of both the American and National leagues is also covered in depth, as are the new divisional alignments and major rule changes that were implemented in 1969. Other factors impacting the national pastime include the appointment of Bowie Kuhn as commissioner, the rising influence of Marvin Miller as the director of the players association, the construction of modern stadiums, and the rapid developments in information technology. An earlier generation of players was venerated as the Boys of Summer, and indeed, they continue to hold their rightful place in baseball’s legend and lore; but in the late 1960s, a fresh cast of characters made their own mark as transformations in the game brought baseball into the new modern era. Baseball historians and fans alike will be entertained and informed by this fresh look at the national pastime in the decade of discontent.
The Commercialisation Of Sport
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Author : Trevor Slack
language : en
Publisher: Psychology Press
Release Date : 2004
The Commercialisation Of Sport written by Trevor Slack and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Sports & Recreation categories.
Sport has become increasingly commercialised and there are many examples of close links that have developed between sport and business. This collection examines five of them in a global context.
Reversing Urban Decline
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Author : Mark S. Rosentraub
language : en
Publisher: CRC Press
Release Date : 2014-07-29
Reversing Urban Decline written by Mark S. Rosentraub and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-29 with Business & Economics categories.
Detroit‘s bankruptcy is the most severe example of the financial implications of the movement of wealth to the suburbs. When residents and businesses leave, central cities have a disproportionate share of most regions lower-income households. At the same time, many central cities collect less revenue as states cut financial support. So, we are lef