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The Short answer is professional sports teams have little effect on the local economy.
Contrary to common belief that sports teams bring in additional business and tourism to the area, there has been no study to suggest that the effects are a positive one. Several studies have been done, in New Hampshire, Indianapolis and most other major cities. However the only cities that received a positive influence were those of smaller cities and the effects were minor. Most other cities experienced no change or a decrease in the local economy. Those cities that did experience a negative outcome were almost always cities that used the publics money to fund the team and it's stadium.
What else can I help you with?
Does North Carolina have a MLB team?
Yes Raleigh, North Carolina does have a professional sports team. the Carolina Hurricanes are a professional sports hockey team, in the National Hockey League.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
What is the economy of North Dakota?
the economy of north Dakota is 9,638,676
What sports are played in North Dakota?
Well, all sports are played in North Dakota; however, there are no teams associated with professional sports leagues (NFL, NHL, etc...). There are teams which play baseball in the American Association and the University of North Dakota has NCAA Division-I sports in Football, Hockey, BAsketball, Baseball, Soccer, and others under the school name of "The Fighting Sioux" of which there is much debate.
What effect did the war have on the economy of the north?
A stimulating effect. The factories and farms were required to produce all kinds of war-supplies - weapons, ammunition, uniforms, saddlery and rations.
Why does North Korea have a mixed economy?
North Korea does not have a mixed economy. It has a command economy or centrally planned economy because the government controls everything in north Korea.
Was it the north or south who had an industrial economy?
The north had an industrial based economy. The south had an agricultural based economy.
What describes a characteristic of the north economy?
Industrialization is a characteristic that describes the North's economy. Factories and railroads helped to build the economy in North America.
How was the. Economy of the south different from the economy of the north?
The south's economy was based largely on growing cotton. The north's economy was based on industry.
What were two key differences between the north's economy and the south's economy?
what were two key differences between the north's economy and the south's economy?
What kind of economy did the North have?
a rich economy
What effect did the war have on the economy of the north and south?
The Civil War caused tremendous political, economic, technological, and social change in the United States
