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NBA Teams Provide No Economic Benefits, Says NBA Team

bennett0718.jpgThe Seattle Times' Jim Brunner points out a head-exploding irony in the Sonics' legal case to escape their Key Arena lease.

For a lifetime, we've heard professional sports owners trot out the argument that we ought to pay for their arenas because they provide an economic benefit to the community. Think of the waiters, the parking attendants, the ushers and all the people that make money when the team plays.

Or don't--they'd be getting their money anyway, according to Sonics' lawyers. One of their arguments to get out of their Key Arena lease is that a pro sports team provides no economic benefit at all:

The financial issue is simple, and the city's analysts agree, there will be no net economic loss if the Sonics leave Seattle. Entertainment dollars not spent on the Sonics will be spent on Seattle's many other sports and entertainment options. Seattleites will not reduce their entertainment budget simply because the Sonics leave.
We're interested to see how this will play out in Oklahoma City, where they are supposed to vote on taxes to expand their arena in an effort to land the Sonics. If there's no economic benefit...why would you spend tax dollars on it?

The economic-benefits argument was settled by economists long ago. There is none. The benefit is intangible and cultural...we don't expect economic benefits from the arts or from libraries, yet taxes go there, too.

Still, it's rather incredible for the Sonics to be arguing exactly the opposite of what they were arguing to the Legislature just a few months ago, and what pro sports teams have been arguing since the beginning of pro sports.

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Comments [rss]

  • COMTE

    Cool! Can we now instead just give all that money we currently spend propping up economically worthless sports teams to the arts - which have demonstrable proof of economic value to the community?



    *Sigh!*



    Yeah, but a guy can dream, can't he?

  • Jack

    That's the creepiest photo I've ever seen. He looks like a date rapist.

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