No abstract

The boom in U.S. major league sporting venue construction has forced many cities to face issues related to the provision of such facilities, including the location choice. Recent data show that the suburbanization trend long assumed in the literature has been reversed, with a resurgence in downtown venues. This paper demonstrates the reversal and discusses the reasons behind this recent trend. These include a concomitant trend toward smaller market franchises, increasing corporate sponsorship, deliberate downtown revitalization strategies, and the advantages accruing to owners when different parts of an urban area compete for franchises.

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Regional analysts face a trade-off between timeliness and detail of commodityindustry data. The trade-off exists because the Bureau of Economic Analysis national aggregated annual update tables are published for years more recent than those for which the disaggregated benchmark accounts are available. Conventional wisdom holds that regionalization should precede aggregation, so a disaggregated foundation table is preferred to an aggregation of that same table. This paper shows that the Table Disaggregation and Adjustment (TDA) method of Jackson and Comer (1993) produces a better foundation for regionalization than an unadjusted benchmark, price-updated benchmark, or aggregated annual update table.

No abstract