Comments on: Gwinnett’s $15 Million Myth http://www.sabernomics.com/sabernomics/index.php/2008/09/gwinnetts-15-million-myth/ Economic Thinking about Baseball Sun, 09 Jan 2011 17:16:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: robert http://www.sabernomics.com/sabernomics/index.php/2008/09/gwinnetts-15-million-myth/comment-page-1/#comment-104722 robert Thu, 18 Sep 2008 19:51:12 +0000 http://www.sabernomics.com/sabernomics/?p=980#comment-104722 jc -- do the economic impact studies take into account things like increased property value (and increased property taxes) for real estate around a sports complex?  do new developments (shopping centers or apartments) tend to follow shortly after a stadium is built in a neighborhood?  is there any measure that shows neighborhoods around a sports complex become more desirable?  or is that another myth told by the teams and pols? thanks, rob jc — do the economic impact studies take into account things like increased property value (and increased property taxes) for real estate around a sports complex?  do new developments (shopping centers or apartments) tend to follow shortly after a stadium is built in a neighborhood?  is there any measure that shows neighborhoods around a sports complex become more desirable?  or is that another myth told by the teams and pols?

thanks,

rob

]]> By: Don S http://www.sabernomics.com/sabernomics/index.php/2008/09/gwinnetts-15-million-myth/comment-page-1/#comment-104693 Don S Tue, 16 Sep 2008 15:10:46 +0000 http://www.sabernomics.com/sabernomics/?p=980#comment-104693 I have been told that there is no such report on the economic impact of the stadium outside of the CSL report. This is substantiated by the fact that Alife Meeek stated no formal study on this has been completed in the article by Michael Pearson of the AJC. So the way I see the $14.6 million in economic impact is, $6.9 million in ticket sales ( 8k tickets sold per game at an average price of $12 with 72 home games), $1.08 million in parking revenue ( 5k cars at $3 each with 72 home games), and then $3.45 million in food sales ($6 each person, 8k people with 72 home games), anf about $3.2 million in team promotional sales (t-shirts, hats, etc). I really think my 10 year old could have done a better job that the ones involved in this. I have been told that there is no such report on the economic impact of the stadium outside of the CSL report. This is substantiated by the fact that Alife Meeek stated no formal study on this has been completed in the article by Michael Pearson of the AJC.

So the way I see the $14.6 million in economic impact is, $6.9 million in ticket sales ( 8k tickets sold per game at an average price of $12 with 72 home games), $1.08 million in parking revenue ( 5k cars at $3 each with 72 home games), and then $3.45 million in food sales ($6 each person, 8k people with 72 home games), anf about $3.2 million in team promotional sales (t-shirts, hats, etc).

I really think my 10 year old could have done a better job that the ones involved in this.

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