Tax Increment Financing and Major League Venues by Robert P.E. Sroka A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy (Sport Management) in the University of Michigan 2020 Doctoral Committee: Associate Professor Judith Grant Long, Chair Professor Sherman Clark Professor Richard Norton Professor Stefan Szymanski Robert P.E. Sroka
[email protected] ORCID iD: 0000-0001-6310-4016 © Robert P.E. Sroka 2020 DEDICATION This dissertation is dedicated to my parents, John Sroka and Marie Sroka, as well as George, Lucy, and Ricky. ii ACKNOWLEDGEMENTS Thank you to my parents, John and Marie Sroka, for their love and support. Thank you to my advisor, Judith Grant Long, and my committee members (Sherman Clark, Richard Norton, and Stefan Szymanski) for their guidance, support, and service. This dissertation was funded in part by the Government of Canada through a Social Sciences and Humanities Research Council Doctoral Fellowship, by the Institute for Human Studies PhD Fellowship, and by the Charles Koch Foundation Dissertation Grant. iii TABLE OF CONTENTS DEDICATION ii ACKNOWLEDGMENTS iii LIST OF TABLES v LIST OF FIGURES vii ABSTRACT viii CHAPTER 1. Introduction 1 2. Literature and Theory Review 20 3. Venue TIF Use Inventory 100 4. A Survey and Discussion of TIF Statutes and Major League Venues 181 5. TIF, But-for, and Developer Capture in the Dallas Arena District 234 6. Does the Arena Matter? Comparing Redevelopment Outcomes in 274 Central Dallas TIF Districts 7. Louisville’s KFC Yum! Center, Sales Tax Increment Financing, and 305 Megaproject Underperformance 8. A Hot-N-Ready Disappointment: Little Caesars Arena and 339 The District Detroit 9.