Negative Implications: The Subsidization of Sports Stadiums and the Perspective of Seattle Arena
This paper adds to the literature on the subsidization of professional sports arenas. Rather than focusing on subsidization and the effect of sports arenas on a national scale, this paper focuses exclusively on the plans for Seattle Arena in Seattle’s SoDo District. I delve into the economic impact analysis paper for Seattle Arena in order to provide evidence that the negatives of building this arena outweigh its positives especially from a financial standpoint. This is done in conjunction with the analysis of the Traditional Lease Purchase Financing model (T-LPF) which is the most widely used arena lease purchase agreement used by professional sports franchises and their respective city’s and Seattle’s Lease Purchase Financing model (S-LPF). This paper’s analysis of the economic impact analysis paper as well as the two financing models seeks to spark further debate about arena subsidization in order to benefit the public in future arena agreements.
Date of Completion
Bachelor of Arts in Economics
Date of Award
Ridenour, Russell, "Negative Implications: The Subsidization of Sports Stadiums and the Perspective of Seattle Arena" (2015). Economics Theses. 104.