Wednesday, April 07, 2004
Looking for a Big Hit
Andy Giegerich of the Portland Business Journal reviews the economic arguments for and against a major league stadium. Drew Mihalic of the Oregon Sports Authority believes that despite the recession that continues to grip the Pacific Northwest, many Portland residents have money burning a hole in their pockets that they're just waiting to spend on a baseball team:
"In Portland, I'd go as far to say we have people who are couch potatoes who all of a sudden have something to do. It won't be a transfer as much as it'll be people spending who didn't spend before."
John Crompton of Texas A&M is less than impressed by stadium promoters' claims of economic impact:
"My rule of thumb is to take what they project as an impact, move the decimal point one spot to the left and divide by half."
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Andy Giegerich of the Portland Business Journal reviews the economic arguments for and against a major league stadium. Drew Mihalic of the Oregon Sports Authority believes that despite the recession that continues to grip the Pacific Northwest, many Portland residents have money burning a hole in their pockets that they're just waiting to spend on a baseball team:
"In Portland, I'd go as far to say we have people who are couch potatoes who all of a sudden have something to do. It won't be a transfer as much as it'll be people spending who didn't spend before."
John Crompton of Texas A&M is less than impressed by stadium promoters' claims of economic impact:
"My rule of thumb is to take what they project as an impact, move the decimal point one spot to the left and divide by half."
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