Sport based revenue
Posted by aogSunday, 23 February 2003 at 19:19 TrackBack Ping URL
The local paper has an article on the impact of having a professional sports team play at the local college stadium while their normal stadium is repaired. Unlike many regions the overall economic impact has been positive. The reason is probably that the local governments didn't spend any money on factilities – everything that's been used was already built. As long as the fans spend more than it costs for the extra city services the local area is ahead of the game. One small fly in the ointment is that the cash wasn't spread evenly. The headline highlights the astonishing fact that hotels and restaurants received most of the economic benefit. Imagine that!