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Economics. Publicly Financed Stadia in Vancouver

A research conducted by Lee (2002) reviewed the participation of stadia to the economic development of cities. This research was implemented due to the argument that triggered heated debates as probed by the media in regard to their public financing. A part of these arguments pointed out that the stadiums motivated the economic growth of the city and improved the social state of the communities participating in them. This attribute implied that the stadia participated in reviving cities within North America. However, some researchers argued that this entire supposition of cities’ development retrieved from the stadia establishment was a cynical and mythical satire to the social and economic development. They indicated that the financings only served to tax the public higher while the facilities were used mainly by the private institutions. The maintenance and construction plans were identified as political setups aimed at benefiting some private institutions. However, the facilities were concealed as a public resource benefiting the citizens. In this regard, the research was aimed at unveiling the controversy about the ownership and relevance of these facilities. The research hypothesis indicated that the stadia were not effective in enhancing direct orientation of development within the cities. Nevertheless, it had considerable benefit to them while perceived from the social-cultural perspective. Particularly, this research study would provide insight to managers and scholars in the sports sector. It would not only provide counsel to these parties to approve the public involvement in social constructions being targeted for public interest. This aspect implies that the study will be significant to these parties and the management of major leagues could instill fundamental knowledge and incite retrieved from the critics and proponents. The researcher reviewed literature from the North America debate about the construction and evaluated a case study about this stadium. The information was centered on the opposition of this idea and economic generation. This strategy led to the development of various findings, solution, and counsel solving the gap between the critics and proponents. The findings illustrated a presence of many intangible benefits that the stadia could offer to the city.

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This research has been developed through the evaluation of literature and its use to support the validity of claims. In this article, the claims made throughout the arguments are supported by other literal publications. The flow of the research is credible and informative. The researcher relates the discussion points to attain a single goal through attaining several objectives. However, there are various faults apparent in this research study. For instance, the researcher does not specify the number of studies reviewed to affirm the articulations. This aspect implies that the study is not empirical in nature. Furthermore, the literature review of this research work is not proved as empirical since their methods of data collection, sample size, analysis, and conclusion have not been specified on the review. The reliability of the work may present many challenges since the true nature of claims is not guaranteed.

The research provides incite for my future research topic by arousing various fundamental issues about public funding. There are many factors that have been addressed through the analogy of this article to the sporting facilities. It introduces the appropriateness of funding the construction and maintenance of the sporting facilities in a public platform. Moreover, it shows the issues on how the public may not be pleased by such developments. The community must be involved in matters concerning the use of public resources since they are involved in the payment of tax. In fact, they should be informed about their benefits from the construction of the sporting facilities. On the other hand, they must ensure that the private sector does not dominate the use of such facilities without the knowledge and approval of the community.

Reference

Lee, P. (2002). The Economic and Social Justification for Publicly Financed Stadia: The Case of Vancouver’s BC Place Stadium. European Planning Studies, 10(7), 861-873.

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StudyCorgi. (2021, December 15). Economics. Publicly Financed Stadia in Vancouver. Retrieved from https://studycorgi.com/economics-publicly-financed-stadia-in-vancouver/

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StudyCorgi. (2021, December 15). Economics. Publicly Financed Stadia in Vancouver. https://studycorgi.com/economics-publicly-financed-stadia-in-vancouver/

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"Economics. Publicly Financed Stadia in Vancouver." StudyCorgi, 15 Dec. 2021, studycorgi.com/economics-publicly-financed-stadia-in-vancouver/.

1. StudyCorgi. "Economics. Publicly Financed Stadia in Vancouver." December 15, 2021. https://studycorgi.com/economics-publicly-financed-stadia-in-vancouver/.


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StudyCorgi. "Economics. Publicly Financed Stadia in Vancouver." December 15, 2021. https://studycorgi.com/economics-publicly-financed-stadia-in-vancouver/.

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StudyCorgi. 2021. "Economics. Publicly Financed Stadia in Vancouver." December 15, 2021. https://studycorgi.com/economics-publicly-financed-stadia-in-vancouver/.

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StudyCorgi. (2021) 'Economics. Publicly Financed Stadia in Vancouver'. 15 December.

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