In: Accounting
economic impact that texas rangers have on host city
The final comparison numbers indicate that the economy of
Arlington has grown a
great deal and the Ballpark in Arlington, as well as the other
entertainment attractions,
contribute to the economic well being of the city. The city of
Arlington certainly could
have used the half cent increase in the sale tax for other more
justifiable economic
development plans. For example, the city could have instituted a
job training program in
the high-tech field and provided more jobs at a lower cost. The
city might have forced
the Texas Rangers to move to another location by refusing to
finance the new ballpark,
but the city would have lost a lot of intangible benefits from
having a major league
baseball team.
Without the Texas Rangers, the City of Arlington’s economy might
not have
grown at such a high rate. Arlington, with its vast concentrations
of tourism and heavy
manufacturing, could survive without professional baseball.
Certainly the Rangers could
have stayed in the old Arlington Stadium, but the escalation of
players salaries forced the
team into reconfiguring their income. A refurbished Arlington
stadium, with the addition
of luxury boxes, would have cost the taxes payers a lot less and
solved their income problems. While the sales tax did not have a
significant rise due to the construction of
the new Ballpark in Arlington, the value of the team did increase
and the new owner of
the Texas Rangers will reap the corporate welfare benefits provided
by the voters.