The Myth That Sports Stadiums Create New Jobs and Tax Revenues

Source: Foundation for Economic Education
by Peter Jacobsen

“Over the last few weeks, rumors have been circulating that the Kansas City Chiefs are considering moving from Kansas City, Missouri to Kansas City, Kansas. … why would the Chiefs leave? They seem to be having success being housed in Missouri. The Chief’s stadium, Arrowhead, is often claimed to be the loudest stadium in the NFL. This noise gives the Chiefs a strong home field advantage. … So why would the Chiefs consider moving? It’s actually pretty simple. If the Chiefs can convince politicians in Kansas City (either Missouri or Kansas) to improve a current stadium or build a new one on the taxpayer’s dollar, they can absorb the benefits of a new stadium at no cost to the franchise.” (05/07/22)