The bottom line in stadium economics – team owners are the main beneficiaries

Seems no one wants to accept the facts plainly stated in Courtney Astolfi’s Sept. 15 front-page article, “Can stadiums carry the ball economically?” She reported that, “As West Virginia University economist Brad Humphreys put it during a June panel discussion at Cleveland Public Library, ‘There’s zero evidence, in 30 years of peer-reviewed academic research, that a professional sports team in a city generates any substantial new jobs, raises wages, raises income or raises property taxes.'”

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