The article explains the economic impact of professional sports teams on a city’s economy. The paper claims that they have much less of an impact than most people expect. It explains that the sports team’s stadiums actually do more for the economy than the team itself. Most stadiums get used for concerts and a variety of other events that are not the building’s main purpose. It also goes on to explain that every dollar spent on tickets or merchandise for a team that’s one dollar less spent on going out to eat, or the movies or another leisure activity.
I had not thought about the economic impact of stadiums or arenas, how they probably have a huge impact on GDP and consumer spending. I also had not taken into account that if someone isn’t spending money on items relating to the team they are probably spending that money elsewhere. Their spending just changes what its towards during times of success.