![]() ![]() that examined cities that hosted the Super Bowl between 1970 and the mid-2000s. Matheson cited a study he conducted in the U.S. "So, building a new arena doesn't seem to have any effect on a city's employment, per capita income, hotel occupancy rates, taxable sales." Economic benefits greatly exaggeratedĪnd for those cities that do see a business bump from hosting sporting events, it's a fraction of what is touted, he added. "Most of the independent research can't find any economic impact associated with either new arenas, new stadiums, or new franchises or large events," said Victor Matheson, a professor of economics at the College of the Holy Cross in Worcester, Ma., who has been researching the economics of sport for more than a decade. ![]() The vast majority of studies done on the financial benefits of new sporting facilities by researchers not connected to any sport, league, or team have not found any economic boost for cities, experts say. 'Most of the independent research can't find any economic impact associated with either new arenas, new stadiums, or new franchises or large events.'- Victor Matheson, professor of economics at College of the Holy Cross That's what the cities of Edmonton and Markham, Ont., are counting on - both have just green-lighted public funding towards multimillion-dollar arena projects, in the hopes of creating new jobs and drawing in extra visitors.Įdmonton has approved a deal with the owner of the Oilers for the proposed $480-million downtown arena, while many in Markham, Ont., located just north of Toronto, are hoping their planned 20,000-seat rink will be bait for a new NHL franchise.īoth cities will likely be disappointed with the economic outcome, if past research is any indication. When people hear of plans to bring a new stadium or arena to their city, they typically envision the stands packed with loyal sports fans, restaurants filled with eager diners from out of town and local hotels bustling with travellers there to see the big game. ![]()
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