Abstract:
Stadium financing has always been one of the important research contents of scholars and governments all over the world. At present, the main ways to obtain funds in the world are bank loans, asset-backed securities, public funding, and through naming rights.
Throughout the changes in the financing methods of stadium construction in the United States, it can be divided into three stages: the first stage is the private investment stage before 1950; the second stage is the main stage of public funding support from 1951 to 1980; The stage is the diversified financing phase from 1980 to the present - public funding support, public-private partnerships, private investment and the sale of naming rights.
This article focuses on public funding support, mainly describing tax support and municipal bond support and related cases. The first part of the article outlines the development process of US venue financing; the second part of this paper describes the overall situation of public funding supporting the construction of stadiums; the third and fourth part mainly introduces the tax support and municipal bond support and some case. Since each state in the United States has relatively independent management mode and tax mode, each state in actual support has different types of tax, municipal bond issuance, interest payment and other specific conditions, so only some venues are listed for introduction. Hope it can serve as a reference.
Full Text: Financing U.S. sports facilities- public resources