Quote:
Originally Posted by IamNotKenKing
I disagree with this in a local sense.
I am going to spend my Flames and concert money on the Flames and concerts. If they were not here, I am not spending that same money elsewhere in the city on other events. I know that. I spend it on larger items out of province, or I just don't spend it.
So, without a new arena and Flames or concerts being here, my disposable income is simply not being spent here. I doubt I am the only one.
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Your anecdotal story may be true but in the aggregate it is just shuffling money around. In the 05 lockout and the 2012 lockout there were studies done. Money spent in bars and restaurants around the arenas went down, money spent in other parts of NHL cities at bars and restaurants went up, in total the same amount of money was spent.