Quote:
Originally Posted by Cappy
This is a report on projected benefits. Most academic studies look at actual benefits.
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How do you even measure "actual" benefits when you don't have control of enough variables?
To measure the economic benefit, the arena alone must be the only variable that changes, and that's just impossible. You can't compare it to the exact same city without an arena during the same time period, and you can't account for economic variables like boom/bust, other developments, etc.
"Academic" or not, anyone touting "actual" benefits isn't reliable and is likely basing their information on flawed studies that fill in the gaps to account for their inability to accurately follow basic scientific method. Not to say the projected benefits are better, but they're not worse.