Imposing a Tax or Levy to Build a Sport Facility:

As previously mentioned, one of the major concerns that have emerged in the recent past is whether or not a community should impose a levy or tax to pay for bonds for a sport facility that would house a major league professional sport team. Historically, many taxation avenues have been used to pay for the development of a new sport facility. Since these avenues have included the federal, state, and local governments, they have effectively subsidized the professional sport franchises. Nonetheless, the arguments that have been raised in support of the existing tax policies have lost real credibility because actual studies have discredited exacerbated economic claims (Jensen, 2000, p.460).

In determining the most appropriate answer to this concern, several factors should be considered including the socio-political, economic, and finance dimensions as well as the current trends in financing the construction...
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