Life in these Untidy States: Stadium--The Abridged Edition

[athelind]

I guess I can boil down my last post into a couple of simple questions:

Does investing public money into building a stadium actually yield a net economic benefit to the community?

If so, does it actually provide more of a benefit than investing the same public money into, say, public transit or public utilities*?

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*Note that Santa Clara is one of the few municipalities in Northern California that has its own, independent power generation facilities, and thus is not a serf to PG&E; as a result, they're one of the targets of Proposition 16, officially named the "Right To Vote Act", but generally recognized as the "PG&E Power Grab" or "Monopoly Preservation Act".

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Comments

[pseudomanitou.livejournal.com]

Benefit to the community... only within the inner city where the new sports building is built.

This kind of thing can revitalize an inner city -- bringing people outside the city limits inside to spend money, prop up new restaurants, hotels, etc.

Now, in the long run, this can make the inner city more appealing to businesses looking for a city structure office location.

But it all depends on so many factors. Maybe the team sucks constantly and has trouble selling tickets. Maybe the only businesses that pop up are strip clubs and sports bars that release drunks into the streets. Maybe the businesses that are attracted in are unethical or become too large so that the community finds itself entirely dependent on the company doing well. It's a gamble.

But for some cities, it's pretty much a given that it will increase tourism and spending.

Did something similar in Minneapolis. It helped, but once you cross into a certain area, property taxes triple. This is why I don't a condo north of I-94 :P

[athelind.livejournal.com]

Thank you! This is the first specific example of a positive benefit I've found. Even anecdotal evidence gives a clue as to where to look for hard numbers.

It still sounds like a bad deal for this area, though, especially since Santa Clara doesn't really have much in the way of an "inner city" to benefit; the stadium will be dropped into an area currently dominated by business parks, hotels, the Santa Clara convention center, and the Great America theme park (which seems to change hands annually). In fact, it's slated for the land that the city currently leases TO Great America for parking overflow.

And again, I'm still not convinced that an inner city venue wouldn't benefit more from other forms of urban renewal, including, say, tax breaks or rent subsidies for downtown businesses.

[perlandria.livejournal.com]

Santa Clara specifically distributes its urban centers to avoid an inner city. The park structure that includes the library is not anywhere near the city offices and small museum, which it turn is not near the business center they made sure to put next to the university. That big open spot the stadium planners have been salivating over for decades is big and open for good reason. Grrrr
- Santa Clara born & bred

[athelind.livejournal.com]

You'd think that the result of that would be a town where you had to drive everywhere, but the opposite is true: there just aren't that many places to live in Santa Clara that AREN'T in walking distance to any number of conveniences.

[toob.livejournal.com]

I dread the impact to 101.

[perlandria.livejournal.com]

and the 237 feed to 880

[pseudomanitou.livejournal.com]

Odds are, there will be tax subsidies for businesses to encourage the positive outcome of any stadium construction. Rent subsidies are a given too unless the city is incompetent and doesn't recognize it will need to develop urban living conditions in order to balance and sustain the other improvements.

Most likely, taxation will be dropped hardest on property owners -- both to tax the more wealthy who can own/afford lovely condos and homes, as well as force out "undesirable" businesses and local shops. It's not all pretty -- some decent book-stores or other well-loved shops with a deserved reputation will probably get hurt...