Development of major sports arenas, stadiums, ballparks, etc., improves local economy by generating income and tax revenue.
Sports venue means any arena, stadium, or other facility that is used as a venue for sports and athletic events for which admission is charged from spectators. Stadium funding is a worthwhile public investment because game-related commerce always improves local economic well-being by producing jobs, income and tax revenue.
Research shows local economic growth has been improved by the presence of a professional sports team in multiple ways such as the increased consumer spending, increased sales in certain market segments and increased tax revenue.
One of the main arguments in creating a new stadium is that it would create jobs, stimulate consumer spending and create spending from tourists visiting.
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