Comments on Advance Indiana™: More Super Bowl Lies

"It's a fantastic move," said Univer...

2013-08-30T10:54:08.674-05:00

"It's a fantastic move," said University of Indianapolis business professor Matt Will. "The economic impact was more than we'd ever dreamed it would be."

Dreams are a form of delusion.

Then he can pay for it. Business professors know even less than economists, and that takes a lot of effort. Drunken sailors dancing on a sinking ship.

Ohh really nice post... Thanks for sharing!!! 50 s...

2013-08-30T08:52:07.877-05:00

Ohh really nice post...
Thanks for sharing!!!
50 shades of grey movie

Who asks a business professor for economic comment...

2013-08-30T08:04:50.254-05:00

Who asks a business professor for economic commentary? That's like asking a car salesman to add insight on the merits of road building.

If one seeks a proper economic viewpoint, there's an entire Department of Economics at all respectable colleges and universities. Economists are the ones qualified to answer economic questions thoughtfully and accurately.

Business folks want more revenues, profits, markets, and it's irrelevant to them how they increase revenue or whether they do so honestly or ethically.

Reputable publications don't seek economic comment from Kenny Tarmac.

According to Prof Will, $300 million in revenue, h...

2013-08-30T07:59:19.443-05:00

According to Prof Will, $300 million in revenue, half of which went to hotels and shopping. If his numbers are to be believed, $125 million or so went to hotels (I would find it hard to believe that visitors spend much on shopping as Indianapolis really does not offer such unique goods that it would be worthwhile carrying them home).

$125 million in hotel revenue would result in a bump of about $21 million in hotel taxes which is at least 10 times more than the actual measured revenue bump.

Prof Will has done no honest analysis.

I'm not even sure about that one week uptick, ...

2013-08-30T07:11:02.850-05:00

I'm not even sure about that one week uptick, Flogger, because you will recall that the convention center had a large blackout period where they essentially could not book any conventions because of the Super Bowl. Since the NFL paid nothing for the use of any of the facilities, but hauled away all of the big bucks, the city gave up visitor spending it might otherwise capture from convention spending for a surge in spending over one week. Many of the hotels complained that even though it booked rooms for several nights, many of the visitors stayed fewer nights than anticipated. With so many of them flying in on their corporate jets, Indianapolis wasn't enough of an allure for them to want to stay for several days. They flew in shortly before the game and left. Most of the visitors were day visitors who drove in from the surrounding region for a day trip to the Super Bowl Village and the NFL Experience at the convention center.

There is a whole industry dedicated to supporting ...

2013-08-30T06:38:42.927-05:00

There is a whole industry dedicated to supporting the the Corporate Welfare-Crony Capitalism of Professional Sports. Not only in this city but in others. The fact that public dollars (read taxes) must support the building and maintenance of these stadiums should be proof enough the Professional Sports Model for sustained economic growth is a bust.

Thus, to justify the huge out lays to build stadiums we have the supposed economic impact "reports." Lets face it the Superbowl is a one week event. One week of increased spending by visitors is NOT sustained growth.

It is true restaurants and hotels would see an uptick in revenue from a Superbowl but a week later it is back to normal.

The idea that hosting a Superbowl puts you on the map as a world class city is a joke. If you stopped 100 people on the street at random how many would remember where the Superbowl was hosted in 2007, 2008 0r 2009.

The Mega-Media simply reads its script or teleprompter re-wording press releases and never investigating or questioning the so called "experts." They act more like cheer leaders than reporters.