Archive for the ‘KeBaker’ Category

why pay so much for new stadiums

Friday, November 22nd, 2013

Economic impacts of sporting events and facilities bring to light the idea of growth of sport industries. Not all impacts are good. According to the text by Paul M Pederson, Janet B Parks, Jerome Quarterman and Lucie Thibault, experts disagree about the potential of sporting events and facilities to generate such economic growth and activity.

Economists have long known stadiums to be poor public investments. Most of the jobs created by stadium-building projects are either temporary, low-paying, or out-of-state contracting jobs, none of which contribute greatly to the local economy. Today the locals spend less money at sporting events simply because costs are too high. Economic impacts done to the local economy drastically reduces the real gain that is said to do in the first place. Not all facilities bring economic gain. According to the article by Aaron Gordon, “America Has a Stadium Problem” Despite every number suggesting they shouldn’t, American cities keep building sports stadiums funded with public money. Topics discussed by economists of Americas cities have also been, according to Gordan, drastically underestimating the true cost of these so called “projects”. They fail to consider public subsidies for land and infrastructure, the ongoing costs of operations, capital improvements, even upgrades such as new score boards.

the basis behind subsidies for sports stadiums is as follows: owner wants new stadium to make more money and increase the value of the franchise. Owner threatens to move team. Politicians save face by pretending they won’t offer millions of dollars in subsidies. Politicians eventually offer millions of dollars in subsidies and keep the team in the city. If there’s a justification for all this, it comes from the concept of a public good.

http://www.psmag.com/business-economics/america-has-a-stadium-problem-62665/

 

These acts for building new stadiums on taxpayers budgets are outrageous. The discussion in the text describes how certain key findings we can take away from theses outrageous spending done on behalf of the economy. A financial manager can take into consideration how much money the organization needs to meet the long term obligations of use of the organizations funds. To be thinking broader than selling tickets and merchandises to increase revenue, and rather thinking about other ways to increase revenue for the organization. This is all easier said then done, who knows what the future brings for these “brilliant”  organization financial managers.

 

“Global Warming of Youth Sports”

Monday, October 28th, 2013

” Sports for kids are a great foundation for things like sportsmanship, teamwork, self-esteem, developing habits that lead to being active throughout your life.  These are very attainable goals for kids who are playing sports.

I think the problem arises when we lose sight of that and our focus shifts to less attainable goals: college scholarships, living vicariously through your children, the possibility that your child will be a professional athlete.  When that becomes the focus, then we’re vulnerable to making decisions that aren’t always in the best interest of our kid. ” Mark Hyman

With this quote the author describes the rights to having youth play sports the right to be able to enjoy recrational sports. Where does the fine line between enjoyment and cost be drawn?  In the case of Sondra and her children where cost is a factor. Sondra should not be under any financial obligation to pay fees, even though the argument is that youth sport is a “priviledge.”

With the rise in parents spending more money on youth sports and coaching, rise in commercialization of youth sport has risen (Hyman 2011) .  This Makes it difficult for under priveladge  youth to participate in youth sports these days.

With the rising costs of youth sport participation there are other ways that sondra can determine whats important and get some ideas through research and educate herself. By finding out her options and education herself she may find outlets to getting her children the benefits she feels they deserve.

according to the article by y Karen Datko there are many options parents can discuss and go by when they are challenged by certain obstacles pertaining to finance.

  • Be honest with yourself. Has your child demonstrated remarkable ability in a particular sport that justifies the expense?
  • If not, pick a recreational league sport that doesn’t require fancy equipment — and that your child enjoys.
  • Seek balance. If your child’s sports are preventing her or him from engaging in other normal childhood and family activities, perhaps you’ve gone overboard. The same applies if you have no quality time with your others kids and your spouse.
  • Donate. If you can easily afford to pay the fees and other costs associated with your children’s sports, make a point of donating money to an organization that helps less-well-off kids participate.
  • If you’re not flush, look for scholarships. “True, some leagues — although they don’t openly advertise it — offer scholarships, but it’s just a small percentage,”
So even though Sondra had found herself in a horrible predicament not all is lost there are options she can take and think of, Not all Hope Is lost. The children can play.