“…The rationales used to justify stadium and arena subsidy plans often neglect important principles in economic impact analysis, such as the substitution effect of fan spending (Chapin, 2002;Noll and Zimbalist, 1997;Siegfried and Zimbalist, 2000); the leakage of revenue outside the local economy (Baade, 2000;Howard and Crompton, 1995;Hudson, 2001;Siegfried and Zimbalist, 2000); and the opportunity cost of public investment (Chapin, 2002;Delaney and Eckstein, 2003;Eisinger, 2000;Hone, 2005;Hudson, 2001;Hunter, 1988;Noll and Zimbalist, 1997;Zimmerman, 1997). Further, the methodological challenges of measuring the intangible qualities of urban life, such as "civic pride" or the value of living in a "major league city," make it difficult to capture the non-economic costs and benefits of publicly financed sports facilities (Alexander, Kern and Neills, 2000;Johnson and Sack, 1996;Pelissero, Henschen and Sidlow, 1991).…”