How do stadiums have an affect on a team’s overall income?
Baseball stadiums have been some of the main reasons fans come to visit a city, as well as go to the baseball games for decades. The article from stadium mouse shows how the stadiums affect the economy of a team, as well as the city that surrounds them. This source is reliable because although it doesn’t have an author or a publisher, it cites a multitude of sources it used, that are all very reliable, while still putting everything in it’s own, easier to understand words. The stadiums are a huge reason for the overall economic success for teams in the MLB through the attraction of fans, and the fluctuation of the economy around them.
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| therealchicago.com |
Baseball stadiums have been great ways for teams to attract fans for quite a long time, and many teams have been using their stadiums to their benefit. Places like Chicago and Boston have a significantly greater amount of people that come to travel there, not only for the sights, but for their memorable stadiums. Wrigley Field and Fenway Park draw tourists in, which especially helps out the teams like the Cubs and the Red Sox, who are continuously filling up their stands from game to game. The reason this can help a team’s economic status so greatly, taking a team like the Cubs for example. They have yet to win a world series title in 108 years, yet people still want to go to their games, and people still want to fill up their stands because of their field. Through this, you can see how stadiums are a huge factor for a team’s economy, because if they aren’t pulling fans in with a winning record, they can pull them in with an iconic, or unique stadium that keeps the money rolling in.
On the outside of the stadiums, we can take a look at the cities, and how they are impacted by the building of them. A city can decide to build, rebuild or revamp an old or beaten down stadium. The people in the city around them have to pay taxes for the construction, as well as other commodities that come with it. “When cities choose to build stadiums and/or arenas, they do so with multiple public tourist and user-oriented revenue streams. These sources - including hotel/motel car taxes, business taxes, and special lotteries, are directly and indirectly linked to economic development, job creation, and long term community growth.” as said by the author, showing how the world around the team is affected in the long run. This is important, because with the economy around the stadium growing, more people can buy tickets and go to the games, not only to see the stadium, but to be able to support their team. With more people able to go, the more and more money flows into the team’s overall income, changing their economy whether it’s a small fraction, or a big change.
