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Stadium subsidy, the Glossary

A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue.^[1]

42 relations: Baltimore Orioles, Brookings Institution, Brooklyn Dodgers, Candlestick Park, Closed league, Consumption (economics), Corporate welfare, Crony capitalism, Dodger Stadium, Eminent domain, ESPN.com, Externality, Fan (person), Federal Reserve Bank of Kansas City, Ford Frick, League system, Little Caesars Arena, Local multiplier effect, Los Angeles Times, Major League Baseball, Marginal cost, Marginal utility, Metropolitan area, Municipal bond, National Football League, New York Giants (baseball), Opportunity cost, Pittsburgh Post-Gazette, Professional sports, Professional sports league organization, Promotion and relegation, Public finance, Public good (economics), Reason (magazine), SB Nation, Sports venue, Stadium, Subsidy, Super Bowl LIII, The Atlantic, The Gazette (Chicago), United States Department of the Treasury.
Government finances
Sports business
Sports venues
Stadiums

Baltimore Orioles

The Baltimore Orioles (also known as the O's) are an American professional baseball team based in Baltimore.

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The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development.

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Brooklyn Dodgers

The Brooklyn Dodgers were a Major League Baseball team founded in 1883 as the Brooklyn Grays, next year in 1884 becoming a member of the American Association as the Brooklyn Atlantics before joining the National League in 1890.

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Candlestick Park

Candlestick Park was an outdoor stadium on the West Coast of the United States, located in San Francisco's Hunters Point area.

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Closed league

In sports, a closed league is a type of sports league where the number and identity of the teams taking part in the sports league activities does not change from year to year due to the performance of the member teams.

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Consumption (economics)

Consumption is the act of using resources to satisfy current needs and wants.

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Corporate welfare

Corporate welfare is a phrase used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations. Stadium subsidy and corporate welfare are Subsidies.

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Crony capitalism

Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption.

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Dodger Stadium

Dodger Stadium is a baseball stadium in the Elysian Park neighborhood of Los Angeles, California.

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Eminent domain

Eminent domain (also known as land acquisition, compulsory purchase, resumption, resumption/compulsory acquisition, or expropriation) is the power to take private property for public use.

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ESPN.com

ESPN.com is the official website of ESPN.

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Externality

In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity.

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Fan (person)

A fan or fanatic, sometimes also termed an aficionado or enthusiast, is a person who exhibits strong interest or admiration for something or somebody, such as a celebrity, a sport, a sports team, a genre, a politician, a book, a movie, a video game or an entertainer.

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Federal Reserve Bank of Kansas City

The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri, and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico.

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Ford Frick

Ford Christopher Frick (December 19, 1894 – April 8, 1978) was an American sportswriter and baseball executive.

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League system

A league system is a hierarchy of leagues in a sport.

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Little Caesars Arena

Little Caesars Arena is a multi-purpose arena in Midtown Detroit.

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Local multiplier effect

The local multiplier effect (sometimes called the local premium) is the additional economic benefit accrued to an area from money being spent in the local economy.

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Los Angeles Times

The Los Angeles Times is a regional American daily newspaper that began publishing in Los Angeles, California in 1881.

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Major League Baseball

Major League Baseball (MLB) is a professional baseball league and the highest level of organized baseball in the United States and Canada.

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Marginal cost

In economics, the marginal cost is the change in the total cost that arises when the quantity produced is increased, i.e. the cost of producing additional quantity.

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Marginal utility

In economics, marginal utility describes the change in utility (pleasure or satisfaction resulting from the consumption) of one unit of a good or service.

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Metropolitan area

A metropolitan area or metro is a region consisting of a densely populated urban agglomeration and its surrounding territories which are sharing industries, commercial areas, transport network, infrastructures and housing.

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Municipal bond

A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts.

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The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC).

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New York Giants (baseball)

The New York Giants were a Major League Baseball team in the National League that began play in the season as the New York Gothams and became known as the Giants in.

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Opportunity cost

In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives.

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Pittsburgh Post-Gazette

The Pittsburgh Post-Gazette, also known simply as the PG, is the largest newspaper serving metropolitan Pittsburgh in the U.S. state of Pennsylvania.

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Professional sports

In professional sports, as opposed to amateur sports, participants receive payment for their performance. Stadium subsidy and professional sports are sports business.

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Professional sports league organization

Professional sports leagues are organized in numerous ways. Stadium subsidy and Professional sports league organization are sports business.

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In sports leagues, promotion and relegation is a process where teams can move up and down between multiple divisions arranged in a hierarchical structure, based on their performance over a season.

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Public finance

Public finance is the study of the role of the government in the economy.

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Public good (economics)

In economics, a public good (also referred to as a social good or collective good)Oakland, W. H. (1987).

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Reason (magazine)

Reason is an American libertarian monthly magazine published by the Reason Foundation, with the tagline "Free Minds and Free Markets".

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SB Nation

SB Nation (an abbreviation for their full name SportsBlogs Nation) is a sports blogging network owned by Vox Media.

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Sports venue

A sports venue is a building, structure, or place in which a sporting competition is held. Stadium subsidy and sports venue are sports venues.

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Stadium

A stadium (stadiums or stadia) is a place or venue for (mostly) outdoor sports, concerts, or other events and consists of a field or stage completely surrounded by a tiered structure designed to allow spectators to stand or sit and view the event. Stadium subsidy and stadium are sports venues and stadiums.

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Subsidy

A subsidy or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. Stadium subsidy and subsidy are Subsidies.

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Super Bowl LIII

Super Bowl LIII was an American football game played to determine the champion of the National Football League (NFL) for the 2018 season.

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The Atlantic

The Atlantic is an American magazine and multi-platform publisher.

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The Gazette (Chicago)

Gazette Chicago (formerly the Near West Gazette and then Near West/ South Gazette) is a monthly newspaper covering the Near West/Tri-Taylor, University Village, West Loop, South Loop, West Haven, Bridgeport/Armour Square, Chinatown, Bronzeville, West Town, and Heart of Chicago communities of Chicago, Illinois, USA.

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United States Department of the Treasury

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department.

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References

[1] https://en.wikipedia.org/wiki/Stadium_subsidy

Also known as Publicly funded stadium, Stadium socialism.

Stadium subsidy, the Glossary

Table of Contents

See also

Government finances

Sports business

Sports venues

Stadiums

References