Backers of stadium renovation say economists don’t know what they’re talking about
City and Tepper Sports cite $1.1 billion in economic impact; economists say figures are often exaggerated
The following article appeared in the June 12, 2024, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.
Leaders in Charlotte’s hospitality industry say economists don’t understand the real effects of stadium events
Some backers of the deal to renovate Bank of America Stadium with $650M of Charlotte tourism tax money apparently aren’t fond of economists.
In recent comments to local media, two leaders of the local hospitality industry have questioned the view, widely held by economists, that public investments in sports stadiums do little for economic growth.
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