Does a new stadium make economic sense?
from San Diego Union Tribune (02.22.2015)
Bob Rauch on the EconoMeter panel as they discuss a new Chargers stadium:
Does a new stadium make economic sense?
Bob Rauch: Yes
“But let’s not confuse economic home run with economic argument. The combination of financing from the NFL, Chargers, sponsorships and city land can pay for a stadium that will provide a Super Bowl or two, incredible public relations on game days with our incredible weather and a better return than the current Qualcomm Stadium lease that is living on fumes.
A new stadium will also stimulate other economic activity in the surrounding neighborhood that can be managed as to accommodate increased traffic and other impacts.
And let’s remember the importance of civic pride, no matter how difficult to measure.
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