À T line going into oakland would be very beneficial. Nothing to do with football, hell not even pitt centric as is there are 54 hospitals with countless employees. Now finding the money well, that's a challenge I'm sure
Pitt announces partnership for facilities master plan - long but important
- Thread starter Chris Peak
- Start date
It shouldn't be hard for you to find one since pretty much every study ever done on the subject has concluded the same thing. If people weren't spending $40 million (or whatever the real number is) going to a Stiller game then what do you suppose would happen with all that money? Would people simply flush it down the toilet? Would they burn it in their fireplace? Would they put it in a Mason jar and bury it in their back yard? Or would they spend it on something else?
Here's a quote from the first story that comes up on a Google search:
There are a lot of things economists disagree about, but the economic impact of sports stadiums isn't one of them.
“If you ever had a consensus in economics, this would be it," says Michael Leeds, a sports economist at Temple University. "There is no impact."
Leeds studied Chicago – as big a sports town as there is, with five major teams.
“If every sports team in Chicago were to suddenly disappear, the impact on the Chicago economy would be a fraction of 1 percent,” Leeds says. “A baseball team has about the same impact on a community as a midsize department store.”
http://www.marketplace.org/2015/03/19/business/are-pro-sports-teams-economic-winners-cities“If you ever had a consensus in economics, this would be it," says Michael Leeds, a sports economist at Temple University. "There is no impact."
Leeds studied Chicago – as big a sports town as there is, with five major teams.
“If every sports team in Chicago were to suddenly disappear, the impact on the Chicago economy would be a fraction of 1 percent,” Leeds says. “A baseball team has about the same impact on a community as a midsize department store.”
Or how about this quote from a different study:
http://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1024&context=mpampp_etds
As for the businesses located near the facilities that benefit from the crowds attending games, existing literature provides an explanation for why they did not create a negative economic impact. Siegfried and Zimbalist explain that the majority of consumers have an inflexible budget for leisure activities so choosing to attend sporting events and spending money downtown is a simple substitution away from other local activities. They argue that much of the revenue for sports teams is money substituted away from other local businesses so once a team
leaves, that money is simply rearranged within the community. Instead of attracting lots of new money into a city, the sports teams are just drawing spending that would have gone to concerts, restaurants, etc in their absence (Siegfried). Thus, once a team left, consumers in the area spread out their leisure budget so while certain businesses that benefited from the team’s presence may see a revenue drop, others enjoy more business.
leaves, that money is simply rearranged within the community. Instead of attracting lots of new money into a city, the sports teams are just drawing spending that would have gone to concerts, restaurants, etc in their absence (Siegfried). Thus, once a team left, consumers in the area spread out their leisure budget so while certain businesses that benefited from the team’s presence may see a revenue drop, others enjoy more business.
http://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1024&context=mpampp_etds
Or this one:
http://www.brookings.edu/research/articles/1997/06/summer-taxes-noll
There is probably no unbiased (ie paid for by someone to get the right outcome) study of this issue that would agree with you on the subject.
A new sports facility has an extremely small (perhaps even negative) effect on overall economic activity and employment. No recent facility appears to have earned anything approaching a reasonable return on investment. No recent facility has been self-financing in terms of its impact on net tax revenues. Regardless of whether the unit of analysis is a local neighborhood, a city, or an entire metropolitan area, the economic benefits of sports facilities are de minimus.
http://www.brookings.edu/research/articles/1997/06/summer-taxes-noll
There is probably no unbiased (ie paid for by someone to get the right outcome) study of this issue that would agree with you on the subject.
