Cost
In 2013, major sports stadiums cost several hundred million dollars or more. In densely populated areas, the sports team often spends the highest proportion in building a stadium. In less desirable areas, the cost is mostly born by taxpayers. Judith Grant Long reported, "the general consensus amongst economists, is that not a good investment, simply because they don’t create enough net economic benefits in the way of job creation or tax revenues to warrant the scale of the investment.”
Read more about this topic: List Of American Football Stadiums By Capacity
Famous quotes containing the word cost:
“In the early days of the world, the Almighty said to the first of our race “In the sweat of thy face shalt thou eat bread”; and since then, if we except the light and the air of heaven, no good thing has been, or can be enjoyed by us, without having first cost labour.”
—Abraham Lincoln (1809–1865)
“One must always be aware, to notice—even though the cost of noticing is to become responsible.”
—Thylias Moss, African American poet. As quoted in the Wall Street Journal (May 12, 1994)
“Every new stroke of civilization has cost the lives of countless brave men, who have fallen defeated by the “dragon,” in their efforts to win the apples of the Hesperides, or the fleece of gold. Fallen in their efforts to overcome the old, half sordid savagery of the lower stages of creation, and win the next stage.”
—D.H. (David Herbert)