The positive externality argument in favor of a city seeking a professional sports franchise is

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The positive externality argument suggests that people in the city will be happier just knowing that the professional sports team is in the city, regardless of whether they actually attend any games or not. This increased happiness and pride in the community can lead to improvements in other areas, such as increased civic engagement and a stronger sense of community identity. This argument does not necessarily involve job creation or a temporal shift of benefits and costs.

The Positive Externality Argument in Favor of a City Seeking