Stadium Developments News Today

An academic paper from the College of the Holy Cross and Kennesaw State University, written to show the flaws of using a pro forma model to economically justify the building of government-owned sports stadiums in the future, has used the $160-million Polar Park in Worcester as one of two examples of the model’s problems, saying the ballpark will saddle the city government with fiscal deficits between $40 and $60 million.

A comprehensive conducted by two economists found that the new Polar Park in Worcester, Massachusetts and Trust Park in Cobb County, Georgia failed to meet the financial returns promised for their respective communities.