Question

An independent study shows that when the city of Cleveland subsidized major sport teams owners with a billion dollars for three new stadiums and city and county tax exemptions of $50 million per year, it resulted in ___________.a. no downtown rejuvenation as stadium proponents predicted. b. efficient, low cost job creation for city workers.c. forcing low income residents to find housing in other areas of the city.d. improving local city schools and raising teacher salaries.

Answer 1

Answer:

c. forcing low income residents to find housing in other areas of the city.

Explanation:

As with introduction of subsidy towards the sports team owners, with huge funds, it created several impacts in a chain:

1. Increased funds in the hands of sport team owners.

2. Increased capacity of spending by the team owners.

3. Further increase in tax exemptions, provided great help to them.

4. Increased sports population in the city because of 3 stadiums.

5. Increased house rates for the locals as demand is increased.

6. Decreased capacity of low income residents.

7. Ultimately transfer of low income residents to some nearby places, which are a little cheaper.