Question

In: Accounting

economic impact that texas rangers have on host city

economic impact that texas rangers have on host city

Solutions

Expert Solution

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.


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