Why Do Cities Spend to Attract Sports Events?

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Photo Courtesy of the Associated Press
Miami, Florida. Photo Courtesy of the Associated Press

With Miami, Florida set to host Super Bowl 54 in 2020, the city has been asked to fund $20 million in security, infrastructure, and related expenses.  Similar bidding and expense processes occur when it comes to Olympic and World Cup bidding and preparation.  The argument goes, it takes money (spending) to make money.  Cities look at three…...

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