Major Sporting Events and Mid-Size Cities: Shut Out or Golden - - PowerPoint PPT Presentation

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Sep 05, 2023 30 likes •82 views

Major Sporting Events and Mid-Size Cities: Shut Out or Golden Opportunity? Brad R. Humphreys Department of Economics College of Business & Economics University of Calgary School of Public Policy Current Affairs Lunch 23 October 2017 Brad

SLIDE 1

Major Sporting Events and Mid-Size Cities: Shut Out

r Golden Opportunity?

Brad R. Humphreys

Department of Economics College of Business & Economics

University of Calgary School of Public Policy Current Affairs Lunch 23 October 2017

Brad R. Humphreys (WVU Economics) Major Sporting Events & Mid-Size Cities 10/23/2017 1 / 5

SLIDE 2

Major Sporting Events Framing

Tangible Economic Benefits Teams/Arenas Mega Events Local employment Local employment Construction Jobs Construction Jobs Income/Wages Income/Wages Tourism Tourism Tax Revenues Tax Revenues Property Values Property Values New Business Formation New Business Formation Intangible Benefits Civic Pride Civic Pride “World Class City” “World Class City” Life Satisfaction Life Satisfaction Advertising/City Profile Advertising/City Profile Existing evidence: None, Mixed Yes, No evidence

Brad R. Humphreys (WVU Economics) Major Sporting Events & Mid-Size Cities 10/23/2017 2 / 5

SLIDE 3

Major Sporting Events Framing

Facility Opening, Replacement & Subsidies 1970-2010

A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A

100 200 300 400 Public Subsidy, Millions 2010 $ 1970 1980 1990 2000 2010 Year Facility Opened

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SLIDE 4

Major Sporting Events Framing

City & Team Bargaining Outcomes 1970-2010

.1 .2 .3 .4 .5 Fraction .1 .2 .3 .4 .5 .6 .7 .8 .9 1 Public Share of Total Construction Costs

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SLIDE 5

Major Sporting Events Framing

Olympic Games Costs and Cost Over-Runs

Sochi 14 Lillehammer 94 Sarajevo 84 Lake Placid 80 Grenoble 68 Rio 16 London 12 Barcelona 92 Montreal 76

100 200 300 400 500 600 700 800 % Cost Over Run 5 10 15 20 25 30 35 40 45 50 55 60 Total Cost Billions of 2009 US Dollars

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