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Levelling The Urban Playing Field: How Municipalities Can Increase Leverage From Sports Franchises During Sports Venue Public-Private-Partnerships Negotiations, Bipin Dhillon
MPA Major Research Papers
The modern era of sports venue funding (post-1984) has shown a shift toward downtown revitalization arena projects as a remedy to the costly nature of sporting venue public-private-partnerships between municipalities and major league franchises. Sports franchises use their advantage to request attractive funding packages from desperate municipalities because of factors such as the supply and demand of franchises, municipal competition, and growth in consumption-based economic development. In response, the purpose of this report is to determine how municipalities can maximize leverage when trying to secure downtown sporting venues funded by public-private-partnerships. More specifically, which set of “leverage variables” under municipal …