Municipal investments for sports facilities — whether through subsidies, incentives or bonds — rarely increase the type of spending that stimulates citywide economic growth, studies show.
City officials touted the deal as a significant investment in women’s sports. It’s the first highly publicized local investment in a WNBA team, noted Nola Agha, who studies sports financing and women’s sports.Swirling around the city’s Wings announcement is ongoing speculation about whether the NBA’s Dallas Mavericks will stay at the American Airlines Center, look for a new home downtown or settle elsewhere in the D-FW area.
“At least, in this case, it sounds like Dallas has done a good job of saying ‘OK, what’s our financial impact? What are our revenues and what can be used as expenses?’” Agha said. Studies say sports teams don’t create new local spending dollars. Instead, consumers are using the money they would have spent in a theater or a restaurant elsewhere into buying game tickets and using the concession stand. Other research has shown that local spending would have occurred even if there was no sports team attached to the city.
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