Global Sport Business Journal
Abstract
The American public, as well as those in other countries, has long been fascinated with athletes, sports teams, and sports events. As a result, one of the dilemmas confronting city managers in their efforts to serve their residents is whether to seek to add or retain a professional sports team to their city’s leisure/entertainment mix. In addition to assessing resident interest in spectator sports as a leisure-time activity, one of the more critical questions they must address in their decision-making processes is: How much economic value is there in having a professional sports team in the city? Economic value is a function of benefits and costs. This study describes a model for examining the economic benefit of this leisure-time activity to a community. Variations will exist among communities, and the “costs” of attracting or retaining a sports team must be considered against the economic benefits created.
Recommended Citation
Tootelian, Dennis H. and Mikhailitchenko, Audrey G.
(2021)
"A Method of Measuring the Value of Minor League Sports to a Community: An Illustration of the Application of Economic Impact Ananlyses,"
Global Sport Business Journal: Vol. 9:
Iss.
1, Article 5.
Available at:
https://scholarworks.sfasu.edu/gsbj/vol9/iss1/5
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