The (Broken) Economics of Professional Sports Stadiums

The wide world of sports has had a bad week for public relations. First, the Miami Dolphins hazing fiasco occurred, which was analyzed by my colleague Cliff Leak in “Man up: NFL Hazing and Jonathan Martin’s ‘Man Card’.” Next, the Atlanta Braves announced they would be vacating Turner Field, their stadium of 17 years, to move into a new stadium in 2017. The Braves are leaving downtown Atlanta to move North to the suburbs in Cobb County. The Atlanta Braves...