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New Balance 574 Uk Size 4

Even with the athletes' outsized salaries, however, the sector doesn't have the same economic oomph as transportation or manufacturing, even in their weakened states. Instead it serves to New Balance 996 Running Review

New Balance 574 Uk Size 4

This is my New Balance 574 Uk Size 4 worry, then, when I sit in Section 220 at Bankers Life Fieldhouse. Sure, I'll grouse that Roy Hibbert needs to mix it up more in the paint and George Hill should start the offense sooner, but the doubt in the back of my mind is my concern over whether professional sports can sustain its incredible growth if other sectors continue to stagnate or decline.

New Balance 574 Uk Size 4

New Balance 574 Uk Size 4

Professional athletes, team officials, agents and everyone else in the business earned $10.3 billion in pay for 2012, according to a report last July from Economic Modeling Specialists Inc. And if that sounds like a lot of money, consider that sporting goods Goliath Nike booked more than $7 billion in revenue just in the third quarter of its current fiscal year.

New Balance 574 Uk Size 4

New Balance 574 Uk Size 4

New Balance 574 Uk Size 4

New Balance 574 Uk Size 4

point out the disparity in how the money flowing through professional sports is divvied up.

John Ketzenberger is president of the Indiana Fiscal Policy Institute, a private organization that conducts research on issues from property tax reform to state spending. It's hard to escape the games, the exploits of players, coaches and owners on and off the playing surface, and the incredible desire to buy gear that lets everyone know who we're behind.

My concern is not that the sports economy will collapse, necessarily, but whether area workers, executives and economic developers have enough moxie to stimulate well paying job growth. The future of the tax base that supports the city's infrastructure and public safety depends on it.

New Balance 574 Uk Size 4

Central Indiana is all in when it comes to the sports economy, and our boat rides nicely on the sector's rising tide. Much of the development Downtown in the past 20 years is related to sports, including hotels, the fieldhouse, Lucas Oil Stadium and Victory Field.

´╗┐Job growth as vital as sports success

The city's elaborate mechanism for raising the tax revenue to subsidize these industries takes much of the strain off traditional taxes for governmental operations. Critics note surtaxes on food and beverages, rental cars and hotel rooms do affect residents' pocketbooks, while the tax increment financing district for sports does marginally reduce funding for public services and schools.

New Balance 574 Uk Size 4

This is where my worry becomes concern. Indiana's per capita income ranks 39th in the country, about what it was 10 years ago. At what point do Hoosiers, already New Balance 420 Mens Grey

These are just a few indicators of how awash in money professional sports are these days. Heady times, especially when nearly every other sector of the economy struggles to grow out of the recession.

New Balance 574 Uk Size 4

behind the national economy, quit buying tickets to games and all the gear that drives the incredible advertising revenue that fuels the finely tuned marketing machine?

Television advertising for the NCAA Men's Division I basketball championship, or March Madness, hit $1 billion in 2012, according to Kantar Media, a market research firm. and the National Football League playoffs meant $976 million in television ads.

While it's hard to imagine the sports economy going south, it would have a major effect on Indianapolis. The city New Balance 420 Grey Mens

last week agreed to spend $160 million to take on much of the Pacers' operational risk in exchange for a promise the team will continue to call Banker's Life Fieldhouse home for at least 10 more years. The city has a similar deal with the Indianapolis Colts and has justified them as investments in the region's economic development.

New Balance 574 Uk Size 4

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