Quote:
Originally Posted by Draug
Not to mention the millions and millions of dollars that having an NHL team in a city brings to the local economy. I dont have any link to back it up, but a few years back, I remember reading that the existance of the Flames (as an example) in Calgary adds over $100 million to the local economy each year.
And, an NHL team contributes a lot of money to charities and public works as well.
Both of these aspects seem to be often overlooked when discussing the idea of publicly funding part of a professional arena.
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Lots of economists have written books on the subject of new arenas and the impact they have on the local economy (try Andrew Zimbalist if you're interested in the subject) and the overwhelming consensus is there is a very minimal impact. Pro sports teams always have their studies and information that says otherwise, but I'll take the analysis of a third party economist over what the Flames try and tell us anyday.