Celtic Note
Living the dream
- Dec 22, 2006
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The big difference between those studies and this situation is the stadium is already built. Which makes this worse. What real gain is there for the city?I am not an expert on event space subsidies or incentivess. Most of my work was in rural communities, and I've since shifted to workforce development/talent attraction (I get bored easily and switch career tracks) So take this with a big grain of salt.
A lot of the studies I've read ignore or underplay the intangible benefits of these deals. Having a sporting team makes you a "real" city. That in turn attracts residents and businesses. The economic effect of that cannot be quantified easily.
Also like everything in business, it's a negotiation. There are winners and losers. The winners generally have the better representation , which billionaire sport team owners can more easily afford. That doesn't mean you shouldn't do any deal, just better deals.
The cardinals are an entrenched organization that will draw fans regardless of what they do. This also means there would be no incentive for them to move. The Cardinals are also making money hand over fist, so they really don’t have a good case IMO for needing assistance.
There is also a supposedly growing decline in younger people being interested in pro sports. So whether sports are an actual draw for migratory populations is probably on the decline. There is also significant migration to smaller sized cities that don’t boast robust pro sports collections.
Collectively this all suggests to me that any ask by DeWitt for these projects is not a great nor needed investment by the city.