Value Added in Major League BaseballCourtney BirkinsMacroeconomicsDr. ClarkApril 2014Over the years, sport has become more popular in our society. The average American watches at least one of the major sports, if not more, but what impact do these professional sports have on our economy? Many believe they can bring more profits and jobs to an economy, but is that really the case, or are taxpayers spending a lot of money on a sports team that doesn't generate the revenue it does? expected to generate?According to Siegfried and Zimbalist (2000) 46 major league stadiums and arenas have been built and renovated for the four major professional sports; Baseball, basketball, football and hockey. Along with those under construction, they created jobs and increased incomes, but not without spending money first. Specifically, major and minor league baseball have several value-added advantages. When a new minor league stadium is under construction, you can have a significant impact of up to $5,812,756 in regional sales (Colcough, Daellenbach, & Sherony, 1994). . Construction offers the possibility of a job market boom. Once construction is completed, this may leave some unemployment for those who were formerly employed in the construction of the stadium. Operating a new stadium would create new jobs and more revenue. Stadium revenue would include ticket sales, concessions and merchandise. In 1994, ticket prices in the Midwest League ranged between $2.00 and $5.00, meaning revenue from those tickets ranged between $0.61 and $4.00 (Colcough, Daellenbach, & Sherony, 1994) . A loss of added value occurs when you have two professionals. sports team within driving distance of each other. "The historic owners have been clear... middle of paper... there are also times like Major League expansion and team relocations that caused both teams to lose money and profits for the city.ReferencesBaade, RA, Baumann, R. and Matheson, VA (2008). Daellenbach, LA and Sherony, KR (1994). Estimating the economic impact of a minor league baseball stadium. Management and Decision Economics, 15(5), 497-502. A. (2000). The Economics of Sports Facilities and Their Communities, The Journal of Economic Perspectives, , 95-114.Winfree*, Jason A., McCluskey, JJ, Mittelhammer, RC and Fort, R. (2004). . Location and Attendance in Major League Baseball, 36(19), 2117-2124.:10.1080/0003684042000287664