ACN Business

Stadiums don’t have to be a drain on taxpayer dollars − 4 lessons from St. Louis

Written by Peter Boumgarden, Professor of Family Enterprise, Washington University in St. Louis

The inaugural match at CITYPARK on March 4, 2023.Photo by Dilip Vishwanat/Getty Images

The world of professional sports is flush with cash, thanks to multibillion-dollar TV deals, sponsorships and ticket sales. Yet some of the biggest investments in major franchises come from taxpayers. Between 1970 and 2020, state and local governments spent US$33...

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