Title of Abstract
Understanding the Economic Impact of the Carolina Panthers Training Facility on Rock Hill
Poster Number
127
Session Title
Wages and Economics
College
College of Business Administration
Department
Accounting, Finance & Economics
Faculty Mentor
Louis Pantuosco, Ph.D.
Abstract
In June 2019, the construction of both a new training facility and headquarters for Charlotte’s largest sports franchise was announced. Rock Hill, South Carolina, was selected as the new site for the facilities. This decision was notable for a number of reasons: foremost, the number of new residents that would be drawn into the region via jobs created by the construction of the new facilities. In order to better understand the outcomes of the Panthers’ investment, this paper will examine similar investments in other locales by other professional sports teams. These include “The Star,” a facility constructed by the Dallas Cowboys in Frisco, Texas, and the planned “Viking Lakes” project in Minnesota. This paper will assess how different types and levels of sports facility investments impact the local job market of a city. Some notable points of focus are: What types of jobs are created? Do different types of sports facilities induce higher paying jobs? Is it possible to find a relationship between spending by the sports team and the number or type of jobs? Are they higher income jobs, or lower income? I plan to approach this topic by utilizing case studies of well-documented incentive programs and the aftermath, and, if possible, public data to provide a more quantitative approach.
Course Assignment
ECON 345 – Pantuosco
Start Date
24-4-2020 12:00 AM
Included in
Understanding the Economic Impact of the Carolina Panthers Training Facility on Rock Hill
In June 2019, the construction of both a new training facility and headquarters for Charlotte’s largest sports franchise was announced. Rock Hill, South Carolina, was selected as the new site for the facilities. This decision was notable for a number of reasons: foremost, the number of new residents that would be drawn into the region via jobs created by the construction of the new facilities. In order to better understand the outcomes of the Panthers’ investment, this paper will examine similar investments in other locales by other professional sports teams. These include “The Star,” a facility constructed by the Dallas Cowboys in Frisco, Texas, and the planned “Viking Lakes” project in Minnesota. This paper will assess how different types and levels of sports facility investments impact the local job market of a city. Some notable points of focus are: What types of jobs are created? Do different types of sports facilities induce higher paying jobs? Is it possible to find a relationship between spending by the sports team and the number or type of jobs? Are they higher income jobs, or lower income? I plan to approach this topic by utilizing case studies of well-documented incentive programs and the aftermath, and, if possible, public data to provide a more quantitative approach.
