The Washington Economics Group

Tony Villamil: Pro Sports Facilities Provide Positive Return on Taxpayers’ Investment

Contrary to recent news reports, professional sports facilities in Florida have positive economic impacts, attracting thousands of national and overseas visitors and competitors to the State each year. Sports facilities are located at the heart of sports, entertainment and tourism clusters with attractions that ensure visitors extend their stay and spend tourist dollars on hotels, meals, transportation, entertainment and retail purchases. As an example, Daytona International Speedway is reinvesting revenues generated by the facility into a $400 million. renovation and modernization of the world’s most famous racetrack. Each year, thousand of competitors, race fans and tourists from across the world visit Daytona International Speedway, including high-net-worth car owners and wealthy investors, thus yielding significant business activity and supporting economic growth in Florida. Read full story.

Skip to content