The Tax Reform Act of 1986 significantly reduced the availability of tax exempt bonds for building sport facilities. According to the chapter, this was during what period in the history of sport facilities?

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As defined in the chapter, The Period of Discontinuance hit between 1984 and 1986. This was a significant time of change in the way in which sport facilities of the future would be financed. They were significant questions regarding the logic of dumping significant amounts of money into sport facilities when there were bigger economic and financial issues that needed to be address with governmental appropriations. In the United States, two laws were passed that had a direct effect of sport facility financing. The Deficit Reduction Act of 1984 mandated that because of the need to lower the national deficit, public funding of projects such as sport facilities were to be given a lower priority. This was followed up two years later by the Tax Reform Act of 1986, which significantly reduced the availability of tax exempt bonds for building sport facilities. Many other countries around the world followed this lead, exacting similar laws and regulations reducing the amount of public subsidy available for sport facility financing.

The Tax Reform Act of 1986 Significantly Reduced the Availability