Wednesday, April 09, 2008
Let's Play Super Bowl Fantasy Numbers
It never ceases to amaze me just how stupid some people think the public is. Some Ball State numbers cruncher wants you to believe that if Indianapolis hosts a Super Bowl in 2012 it will have a total economic impact of $365 million. Last year, the proponents of the Super Bowl Bid were tossing around the $300 million figure. For perspective, it is estimated that the Indianapolis 500 positively impacts the local economy by that figure every year and we aren't required to provide tens of millions of dollars in subsidies annually to the Hulman-George family. When these so-called experts make these estimates, I wonder if they subtract from those numbers the economic activity lost from the convention and general business trade that would have otherwise occurred within the region but is displaced because of the occurrence of the Super Bowl. It's not a zero sum game folks.