| Abstract: | Smaller cities seeking new economic development vehicles have embraced the growth of minor league sports. In an attempt to eliminate the threat of competition and maintain a sense of stability, four local governments purchased their respective minor league baseball franchise. This action may serve as a model for local governments that have invested heavily in professional sports as an economic development strategy. This study investigates the benefits of ownership in terms of stability for development, economic gain, and increased civic spirit. The study finds that publicly owned teams can be successfully used to anchor comprehensive plans for economic development, and that public ownership provides a way to pay the costs of the sports facilities and the debt service. There is little evidence to show that publicly owned teams increase civic spirit. However, this model presents some challenges that may prevent its widespread utilization. |
