Full Answer Section

Some experts argue that TRA86 was a financial benefit to the development of sports facilities. They argue that the tax exemption for bonds was a subsidy that was not justified, and that it led to teams building new facilities that were too expensive. They also argue that TRA86 forced teams to be more financially responsible, and that it led to the development of more innovative ways to finance sports facilities.

Other experts argue that TRA86 was a deficit to the development of sports facilities. They argue that the tax exemption for bonds was a valuable tool that helped teams to build new facilities and to create jobs. They also argue that TRA86 made it more difficult for teams to build new facilities, and that it led to some teams moving to new cities.

Ultimately, whether or not TRA86 was a financial benefit or deficit to the development of sports facilities is a matter of opinion. There are valid arguments on both sides of the issue.

Here are some of the specific impacts of TRA86 on the development of sports facilities:

• The number of new stadiums and arenas built in the years following TRA86 declined sharply.
• Teams were forced to be more financially responsible in order to build new facilities.
• Teams began to explore new ways to finance sports facilities, such as public-private partnerships and naming rights deals.
• Some teams moved to new cities where they were able to obtain more favorable financing for new facilities.

Overall, TRA86 had a significant impact on the development of sports facilities in the United States. The law made it more expensive and difficult for teams to build new facilities, but it also forced teams to be more financially responsible and to explore new ways to finance sports facilities.