The Economic and Social Justification for Publicly Financed Stadia: The Case of Vancouver's BC Place Stadium

Publicly financed Stadia, as manifest in numerous North American metropolitan cities, have always been at the centre of public debate and widely covered by the media. At one end of the debate adherents of such investments urge that stadia are an economic as well as a social catalyst in reviving a city, and at the same time have the capability to market and promote the image of a city. However, the cynics claim that this economic promise is a mere canard, or myth, and places an enormous financial and social burden on public expenditure. They are projects that are politically driven and motivated, and despite being financed by the public, are more oriented to the private sector. In my view, stadia on the whole are ineffective in fostering direct economic spin-off effects, but from a socio-cultural perspective are a key factor in producing significant intangible benefits, while enhancing the status of a city. The purpose of this article is to probe and delve into this debate and attempt to relate the broad theories to the issues revolving around BC Place Stadium in Vancouver. In conclusion a number of possible solutions and recommendations will be addressed to try to bridge the gap between proponents and critics.