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.
