Theory & Practice: Books by MSR
Major League Losers
The Real Cost of Sports and Who's Paying for it
Published in 1997, this book focuses on (1) the extent of the public sector's investment in sports venues, (2) the factors that place the public sector in a disadvantageous position to bargain with teams, and (3) alternative strategies to begin the process of ensuring that taxpayers received a positive return on their investment in arenas, ballparks, and stadiums.
Major League Winners
Using Sports and Cultural Centers as Tools for Econmoic Development
Several cities succeeded in ensuring that taxpayers' investments in venues for professional sports teams secured a set of the public sector's goals including an appropriate rate of return. The lessons learned from those communities and the implications for urban planning and urban design were carefully analyzed. A set of recommendations for future policies is presented. Several important insights into the ways to integrate venues into plans and neighborhoods based on the outcomes (successes and failures) are also detailed.
Sports Finance and Management
Real Estate, Entertainment and the Remaking of the Business
Across the past two decades the sports industry has been changed by the media, by the linkage of venues to large-scale real estate developments, and the focus on entertainment and the experiences that fans are treated to at venues. In the past, attention was focused on the game. Understanding the sports business now requires an appreciation of the revenue potential from real estate development, media, and the experiences offered to fans. The value of iconic designs and the linkage of a venue is included in the book, as well as a complete treatment of the skills and tools required to analyze the financial operations of a successful franchise.
Reversing Urban Decline
Why and How Sports, Entertainment and Culture Turn Cities into Major League Winners
Detroit's bankruptcy is the most severe example of the effects of the mass movement of people and businesses from numerous central cities to suburban areas. How can central cities change the patterns of regional economic activity? An opportunity exists given the preferences of younger professionals and those other households seeking an urban or downtown living experience. Sports and entertainment venues anchoring residential and commercial properties that offer residents and visitors a wide array of restaurants and amenities can compete for higher income households with the new town centers being built in suburban areas. Relying on theories of economic development and urban planning and design, the success of efforts in numerous cities creates a game plan for other teams and cities.
Other Selected Publications
“Fiscal Outcomes and Tax Impacts from Stadium Financing Strategies in Arlington, Texas, “ Public Money and Management, 2014, 34 (2), 145-152 (with Brian Mills, Jason Winfree, and Michael B. Cantor).
“Hosting Mega-events: Guide to the Evaluation of Development Effects in Integrated Metropolitan Areas,” Tourism Management, 2013, 34, 238-246 (with Brian Mills).
“A Ballpark and Neighborhood Change: Economic Integration, A Recession, and the Altered Demography of San Diego's Ballpark District," City, Culture and Society, 2012, 3: 3, 219-226 (with Michael B. Cantor).
“Are Gaming and Sport Effective Tourism Strategies During Economic Contractions? Evidence From The Performance of Baseball and Casinos During America’s Great Recession,” Journal of Sport and Tourism, 2012, 17: 1, 23-42 (with Michael B. Cantor)
“Doing Better: Sports, Economic Impact Analysis, and Schools of Public Policy and Administration,” Journal of Public Administration Education, 15:2, 2009, 219-242 (with David Swindell).
“The Local Context Of A Sports Strategy for Economic Development,” Economic Development Quarterly, 20:3, August 2006, 278-291.
“Cities, Sports, and Economic Change: A Retrospective Assessment,” Journal of Urban Affairs, 2002, 24: 5, 549-563 (with Ziona Austrian).
“Tourism, Sports, and the Centrality of Cities,” Journal of Urban Affairs, 2002, 24:5, 487-492. (with Robyne Turner).
“Sports Facilities As Social Capital,” in Sport and Social Capital, Matthew Nicholson and Russell Hoye, editors, 2009, London: Elsevier 339-358 (with Akram Ijla).
Sports Finance and Management (Second Edition)
Real Estate, Media, and the New Business of Sport
As the sport business continues to evolve, so too, does Sport Finance and Management. The first version of this book took an in-depth look at changes in the sport industry, including interconnecting financial issues between teams and their associated businesses, the nature of fan loyalty influences, and the impact of sponsorship on team revenues. This second edition updates each of these elements, introduces relevant case study examples in new chapters, and examines the impact of changes in facility design, media opportunities, and league and conference policies on the economic success of teams, the salaries earned by professional players, and the finances of collegiate athletics.