Quote:
Originally Posted by Welkin
I don't know what positive economic impact Conner is talking about, but stadiums produce almost no positive economic tax growth and for the most part have to be subsidized annually by local governments. Pittsburgh's poor economic condition and near junk bond credit rating is directly related to the city's massive subsidies for the construction of both the Steelers and the Pirates stadiums. I cannot think of a single downtown stadium that has ever produced enough economic growth to justify the construction subsidy required to build the stadium. Of course the same thing can be said for libraries and schools. I am all in favor of building this stadium, just don't expect it to be an economic jolt to the city's coffers.
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Your argument is cautionary against construction of a stadium at all, not just a
downtown stadium.
The economic implications of an urban stadium would be concurrent with any sensible municipal approach to core densification. While using infrastructure already in existence, centralising our population, services, commercial, and even light industrial businesses will save us money far beyond our road maintenance.
Our health will improve from a lifestyle of less driving. The stadium is another venue for physical activity, obviously.
More services, both privately and publicly funded, will be supported by a larger population density and vice versa. A stadium is another asset in this sense. A well-used stadium, which is for what we're aiming, brings regular crowds of people...and their money. This satellite market, created by the stadium, can be tapped via hotels, restaurants, retail...
A stadium heightens the city's profile, granting access to a wider market for attracting business in the form of concerts, games, conventions, etc... The stadium adds to our resume.
I don't believe anyone on this forum claimed that a stadium would solve our municipal budget -- but it does encourage further
growth and
savings in other sectors, much of which is lost if we throw our 'community' stadium to a business park. Instead, a stadium should be positioned much more practically to bring more economic security to an urbanised region, by encouraging it to urbanise even more.