Quote:
Originally Posted by SuperMatt18
Wonder how much hosting a superbowl boosts the local economy...has to think it is quite a bit.
Found it:
http://mashable.com/2013/01/30/super...-city-economy/
So say the stadium lasts 30 years and they host 6 super bowls in that time...maybe not a terrible investment after all once you consider what is generated from the regular 8 home games per year, any concerts, and anything else they can host in there.
With the money the NFL generates though it is probably still something that the league funds itself, but if you can get a couple Super Bowls it is probably a better investment then a new baseball or hockey stadium even though you will get more nights a year from that.
|
I don't think any team will get every 5th Superbowl. And the economic impact may not be anywhere near what is touted.
Quote:
Robert Baade, a sports economist with Lake Forest College in Illinois, puts Super Bowl benefits for host cities at between $30 million and $90 million, not the big numbers touted by the NFL and host city groups.
Why the big difference?
“There is a substantial substitution affect,” said Baade.
That is when a major economic event such as the Super Bowl crowds out one group of consumers with another. Baade said while the Super Bowl brings in football fans to a host market other tourist and consumer spending does not happen because they are crowded out by the game or want to avoid security hassles or higher air fares and hotel room rates.
Baade said the big economic numbers cited by host cities don’t take that into account.
“You have to count both,” he said.
|
http://www.bizjournals.com/phoenix/b....html?page=all
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
|