Ecological Economics and Sport Stadium Public Financing

23 Pages Posted: 5 Dec 2016 Last revised: 1 Jul 2017

See all articles by Christopher McLeod

Christopher McLeod

Florida State University

John T. Holden

Oklahoma State University

Date Written: December 2, 2016

Abstract

Given the recent importance that sport organizations, academics, and the public have placed on environmental sustainability this article introduces the study of ecological economics — founded upon Nicholas Georgescu-Roegen’s application of thermodynamics to economics — to legal perspectives on public financing. The authors argue that the economic growth limits implied by thermodynamic principles should be incorporated in the public financing of sport stadiums. More specifically, municipalities can require facilities receiving public financing to produce environmental cost accounting reports and to make them publically available.

Keywords: Ecological economics, stadium financing, sports law, Georgescu-Roegen

JEL Classification: A10, A12, A19, K1, K10, K32, Q10, Q59, Q57, Q58, Z2, Z20, Z23, Z28

Suggested Citation

McLeod, Christopher and Holden, John, Ecological Economics and Sport Stadium Public Financing (December 2, 2016). William & Mary Environmental Law and Policy Review, Vol. 41, No. 3, 2017. Available at SSRN: https://ssrn.com/abstract=2879524 or http://dx.doi.org/10.2139/ssrn.2879524

Christopher McLeod (Contact Author)

Florida State University ( email )

Tallahasse, FL 32306
United States

John Holden

Oklahoma State University ( email )

201 Business Building
Stillwater, OK 74078-0555
United States

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