Wednesday, April 06, 2005

HOW MUCH WILL A NEW FOOTBALL STADIUM AND CONVENTION CENTER HELP OUR ECONOMY?

You should really look at this article. It is typical of the studies that are done by people who are not working for the sports franchises.

The Stadium Gambit and Local Economic Development

By Dennis Coates and Brad R. Humphreys

ECONOMIC DEVELOPMENT POLICY
Volume 23, No. 2

"….the consensus in the academic literature has been that the overall sports environment has no measurable effect on the level of real income in metropolitan areas. Our own research suggests that professional sports may be a drain on local economies rather than an engine of economic growth."

http://www.cato.org/pubs/regulation/regv23n2/coates.pdf


And with regard to convention centers, the net effect might be the same. Click here.



http://www.fieldofschemes.com/sanders.html

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