Frequency and attendance at popular music concerts in the USA: Does facility age matter?

Abstract

Popular music is a valuable community amenity in the USA. State and local governments often encourage concert development by subsidizing construction and operation of concert venues. The facilities most likely to receive public support also host professional sports franchises. Public policy arguments supporting subsidization often maintain that concert frequency declines as facilities age, thus necessitating their replacement. Anecdotal evidence is inconsistent on the matter. Using a two-year pooled cross-section of 1234 concerts in 80 professional sports facilities from July 2012 to June 2014, the present study tests if facility age predicts changes in concert frequency and attendance. The results lend support to subsidy proponents' arguments, but the magnitude of the age effects is unlikely to warrant significant subsidy levels.

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