OT: The Economics of Sports Stadiums and bye-bye to the Oakland A’s

[Ralph]

Originally Posted by Mark McM

The sales pitch generally isn't about creating spectating opportunities for the residents; instead, "revitalize" usually means creating jobs and business opportunities, fill vacant lots and empty store fronts, increase traffic of paying customers, and reduce crime. But studies show that stadiums often don't do that very well, and there are more cost effective ways to revitalize neighborhoods.

The mostly lower income (some elderly) minority folks living in modest homes (by power people standards) living in the downtown area, who were moved out so the new stadium could revitalize their couple square blocks....probably didn't think there was anything wrong with their neighborhood the way it was. They didn't knock down any expensive neighborhoods to build the stadium. Sorry to rant....this is a pet peeve of mine.