One of your friends is arguing with you about the supposed benefits and drawbacks of new stadiums being constructed for professional sports teams. Which of the following statements would NOT be true?
A) Significant portions of the cost of building new stadiums are typically covered by tax revenue provided by citizens
B) Academic research in the last 3 decades has shown that sports facilities provide significant new economic impacts in surrounding communities
C) New facilities are not necessarily constructed because old facilities are unsafe, but rather because they can use new facilities to maximize revenue through new amenities like restaurants and luxury boxed
D) The reason most often cited to justify the expenditure of public funds on new stadiums is economic impact
Correct Answer:
Verified
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