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Originally Posted by howard_the_duck
Well, for one, the arena itself will only hold ~20,000. But the team's existence in the city brings hundreds of thousands (if not more) to local drinking establishments, particularly during a playoff run. That's incremental revenue driven by a local sports team.
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Not according to the study:
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"Economists say the biggest reason sports teams don’t have much impact is that they don’t tend to spur new spending. Most people have a limited entertainment budget, so the dollars they are spending when they go to a game is money they would have spent elsewhere, maybe even at a restaurant or small businesses where more money would have stayed in the community."
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