Tag: Final Four

Arena Ballpark Stadium

Does your sports team need help convincing the public to give the team billions of taxpayer dollars? Call the Seidman Research Institute

The Phoenix Business Journal wrote a story on a recently released study by the Seidman Research Institute that discussed how a women's final four tournament held in the area generated a huge economic impact for the state of Arizona. Apparently, this tournament created $42.2 million for Arizona's Gross Domestic Product for Phoenix, while the State of Arizona saw a $71.5 million overall impact. However, the report appears to be missing a lot of information. The report admits to JUST using “new dollars” that Arizona may have received during the tournament. What about expenses? What about the substitute effect? Or…

William Neilson Jr.
Stadium

The Chicago Bears continue to meet with local officials and tell them absolutely nothing

The Chicago Bears also forgot to add in the multiple billions that taxpayer would owe for stadium and infrastructure costs. This means that taxpayers would likely be paying 70% of the cost, if not more. What about the other sports teams wanting billions for their own stadiums? If the team had somehow gotten this deal to go through, the bill for taxpayers could have been so much higher than what the team claimed.

William Neilson Jr.
Stadium

After being told that a Final Four would bring trillions to the area, the city of Glendale accepts that they made almost nothing off it

Last year, Glendale, Arizona was told that it could make $270 million dollars in economic impact from hosting a Final Four event in 2024. This year, some groups mentioned the possibility of the state making an impact between $250-$300 million from the Final Four. Others believed it was possibly for the state to bring in over $400 million dollars. The 2017 Final Four in Arizona brought the state $324.5 million dollars of economic benefits. Where did that money go?

William Neilson Jr.