How Professional Teams Support Their Local Communities

How Professional Teams Support Their Local Communities

A local sports team’s success is a boon for the surrounding community. The influx of fans increases spending on team merchandise and services, and the presence of a team incites local pride. Sports also bring people together through shared passions and interests, which can help create tighter bonds between family members and neighbors. This link ค้นหา ยูฟ่าไทย ได้ที่ www.UFABET.com

Local governments regularly เริ่มต้นเดิมพันกับยูฟ่าไทย subsidize stadiums to host professional sports franchises, which supporters justify as worthwhile public investments that generate positive economic returns through spillovers. However, whether these amenities bolster the community’s quality of life remains an open question. Using real estate tax assessments, this article examines the impact of a baseball stadium’s development in Cobb County, Georgia, on nearby property values. Results suggest that local property values are significantly boosted by the stadium, providing evidence of the potential existence of neighborhood externalities and non-excludable public goods amenities associated with a professional sports franchise.

How Professional Teams Support Their Local Communities

While sports teams and players often face criticism for their wealth, they can use their profile to illuminate important issues that bind local communities. Through the NBA TeamUp program, for example, teams engage residents in volunteerism and fundraising, and partner with community organizations to provide mentorship opportunities. They also invest in community programs that promote health, education, inclusion and service. For example, the New Jersey Nets commit a portion of their profits to a community nonprofit that runs a basketball league for teens, hosting coaching clinics and a player appearance schedule.

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