Funding a sport facility is challenging in the best of times, but in an economic downturn, sport administrators are sometimes forced to be creative in seeking funding sources. Imagine that a state task force convenes to discuss potential sources of revenue for a new indoor multipurpose sport facility that will serve several counties. One member raises the possibility of increasing a tax on cigarettes that can be used as a funding source. “That way, those smokers who are making our community unhealthy will pay with their wallets,” the member says. Are such taxes, known in the vernacular as sin taxes, a legitimate source of revenue for sport facilities and other sources of sport revenue? This is only one type of funding source; others include property and sales tax and public–private partnerships. Each revenue stream has its own benefits and challenges, and it behooves sport administrators to become familiar with these in order to maximize the use of funding sources. Post a description of a funding source for a sport or any other publicly funded facility in your local community. Then, explain the pros and cons of utilizing this source to fund this facility. In formulating your Discussion post, consider the following: • How do state and local governments play a role in financing sport facilities? • How do selective taxes (e.g., tourist taxes, sin taxes, Jersey tax, player income tax, ticket surcharges) impact financing of a sport facility? • What is debt financing? • How do public–private partnerships work? DO NOT EXCEED 180 WORDS PLEASE. POINTS WILL BE DEDUCTED IF YOU DO SO. THANK YOU! USE SCHOLARLY SOURCES!!
