1. The Economic Impact of the Super BowlBy: Gavin Neill 2. Build new stadiums to host the Super BowlOnly marginal economic gainIndirect benefits outweigh direct 3. Threat of team moving out of cityo >30 professional sports teams havethreatenedNewer stadiums attract larger crowdsBrings new positive mentality andconfidenceMotive for people to show upo People see Super Bowl for stadium 4. The NFL owners decide the hosto Goal is to choose most profitable city City chosen 3-5 years in advanceThere are certain requirements to reacto Ex: Weather and different available areas 5. MetLife Stadium in East Rutherford, NJo Below required temperatureo But constructed in 2010Weather is one of the biggest factorso Original reason for neutral fieldo Bad weather could have bad fan turnoutNew stadium has clearly taken priority 6. Blackout during 2013 Super Bowl in N.O.o Result of old stadiumo Stadium was damaged from hurricane Katrinao Not enough renovations were madeA new stadium would have prevented thisHurts future chances to hostShows the shift to new stadiums 7. During KatrinaAfter somerenovationsDuring Super Bowl 8. Supposed job creationo Not as much as expectedStudies ignore certain factorso Such as substitution and leakageAlso measure too wide of a rangeo including jobs that arent necessarily sportsrelated 9. The substitution effectThe crowding outLeakage 10. Inevitable visit to the host cityo People would spend money there anywayAdjust schedule to see the gameSpending concentrated during week ofgameOther interpretation:o Spending in place of original intent Ex: buying a TV instead of Super Bowl tickets 11. Super Bowl attracts and deters visitorsFans like the sports atmosphereNon fans dont like ito Dont want to associate with fansAlso deterred by hotel price inflationo More worth it to wait a week 12. Local business makes minimal profitMost money goes to out-of-town ownerso Ex: hotels, car rentals, and franchisesHotels, no actual economic gain for localso Rates are x3 but wages are not 13. Promotes city for future revenueo Ex: Conventions, businesses, and tourismMajor league team, major league cityo Gives a city a superiority complexProvides as a form of entertainment 14. New stadiums appear too be the trendCities dont realize economic gain isminimalTheyre plans in hope of future profit