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:
“Keeping accounts, Sir, is of no use when a man is spending his own money, and has nobody to whom he is to account. You won’t eat less beef today, because you have written down what it cost yesterday.”
—Samuel Johnson (1709–1784)
“Greeting people doesn’t cost you anything except a roll of your tongue.”
—Chinese proverb.
“It breedeth no small offence and scandal to see and consider upon the one part the curiosity and cost bestowed by all sorts of men upon their private houses; and on the other part the unclean and negligent order and spare keeping of the houses of prayer by permitting open decays and ruins of coverings of walls and windows, and by appointing unmeet and unseemly tables with foul cloths for the communion of the sacrament.”
—Elizabeth I (1533–1603)