Economics Professor Dennis Coates was recently a guest on an Econ Journal Watch podcast discussing his research that found economists mostly frown on government subsidies for professional sports franchises, facilities and events. He was a guest on the program with Brad Humphreys, an associate professor of economics at the University of Alberta.
During the interview, Coates commented on claims that sports stadiums bring economic benefits and prosperity to cities and their immediate metropolitan areas.
“The evidence is that they are minimal at best, and may in fact even be negative,” Coates said. “We think of tangible benefits as job creation and income growth, and any benefits that occur, they occur in a form that is not job creation or income growth or tax revenue growth.”
To listen to the full podcast on Econ Journal Watch and for more on the research by Coates and Humphreys, click here.