Claremont Colleges Scholarship @ Claremont CMC Senior Theses CMC Student Scholarship 2021 Dropping the Ball: A Political and Economic Analysis of Public Subsidization for Stadium Construction Projects Max Fisher Follow this and additional works at: https://scholarship.claremont.edu/cmc_theses Part of the American Politics Commons, Political Economy Commons, Political Theory Commons, and the Public Economics Commons Recommended Citation Fisher, Max, "Dropping the Ball: A Political and Economic Analysis of Public Subsidization for Stadium Construction Projects" (2021). CMC Senior Theses. 2756. https://scholarship.claremont.edu/cmc_theses/2756 This Open Access Senior Thesis is brought to you by Scholarship@Claremont. It has been accepted for inclusion in this collection by an authorized administrator. For more information, please contact
[email protected]. 1 Claremont McKenna College Dropping the Ball: A Political and Economic Analysis of Public Subsidization for Stadium Construction Projects submitted to Professor Shanna Rose and Professor John Pitney by Max Fisher For Senior Thesis Spring 2021 May 3, 2021 2 Table of Contents 1. Introduction: p. 3 2. Literature Review: p. 6 3. Theoretical Framework: p. 21 4. Case Study #1 – Las Vegas Raiders: p. 27 5. Case Study #2 – New York Yankees: p. 38 6. Lessons Learned/Discussion: p. 49 7. Conclusion: p. 55 3 Introduction Professional sports are a critical and universally loved part of America’s ethos. Millions of fans from across the country flock every year to sports stadiums, hoping to see their favorite player in action or just to enjoy the ambiance of the ballgame. Every Sunday during fall and winter, 60,000 fans attend prodigious NFL complexes, whereas 20,000 or so fans frequent an MLB stadium for 162-game schedule.