Sports economy

Discussion in 'Fugu's Business of Hockey Forum' started by DudeWhereIsMakar, Oct 18, 2018.

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  1. DudeWhereIsMakar

    DudeWhereIsMakar Originator of the username

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    You look at a place like Green Bay that's economy that's pretty much based off the Packers. As I am aware they're supported by the entire state of Wisconsin.

    Hershey is not only known for Chocolate, but the Hershey Bears as well, or as I like to call them: The Montreal Canadiens of the AHL.

    Regina has the home field to the Saskatchewan Roughriders, as in the same case as Green Bay is supported by the entire Province of Saskatchewan.

    We'll just pretend a small city has a successful hockey team in a Canadian City, we'll say St. John's as they don't really have any major sports franchise other than the Growlers. They get an NHL team with star players on every single line and manage to be successful for twenty years in a row winning fifteen cups in twenty seasons, where they sell out every single game to the point where people are coming across the globe to watch them play. How much would that fix their economy?
     
  2. AdmiralsFan24

    AdmiralsFan24 Registered User

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    Well this is 100% not true.
     
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  3. tarheelhockey

    tarheelhockey Highest Boss

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    Probably about the same impact as adding a single tourist attraction to the town.
     
  4. Mightygoose

    Mightygoose Registered User

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    There's been enough studies out there that say events like a sports team doesn't add anything tangible to the local economy. It's just transfers the spending from on area of the city to another.

    My understanding, even though the Roughriders are marketing as a provincial team, about 80-85% of the season ticket based are in the Regina and Moose Jaw areas. People driving from out of town are a smaller part of the fan base.

    Green Bay? I'm not sure how spread out the season ticket base is, but with 8 regular season home games per year, I don't think it would make or break the local economy.
     
  5. BattleBorn

    BattleBorn Global Moderator

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    Studies of this type are always easy to alter to a pre-determined result, it's just a matter of how large you make the area studied.

    If you limit it to the neighborhood directly surrounding a stadium, you can make it seem like it's an amazing opportunity to spur economic growth.
    If you limit it to the city, the growth is less impressive.
    If you limit it to the metro area, it's minuscule.
    If you limit it to the state/province, it makes almost zero sense.

    I'm from Las Vegas, and you'll never hear about how the Las Vegas Stadium's $750MM public contribution is a rip off to the local taxpayer because it's not possible to reach that result in a city like Las Vegas. Sure, a good portion of the people attending games at the stadium will be locals and the money they spend there would have likely been spent elsewhere, but every person that comes to Las Vegas for a game that wouldn't have come otherwise is a huge benefit to a city that's designed to monetize tourism.

    There's a stigma around public financing of sports facilities, and while the owners have definitely taken full advantage, there's almost no argument against complete elimination of public financing unless you're in a city that has 100% given up subsiding growth to benefit any private business.
     
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  6. Cityswiper

    Cityswiper Registered User

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    Without the Packers, Green Bay's economy would be shot.
     
  7. AdmiralsFan24

    AdmiralsFan24 Registered User

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    This is so dumb. Less than 10% of the Green Bay area's employment is leisure and hospitality. That's less than well known tourist hub *checks notes* Janesville.
     
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