Porter a USF professor helped in the research in newly published article in the Southern Economic Journal. Porter points to evidence. For example Tampa has hosted three super bowls.
If you take the average sales tax revenue the year before and the year after each Super Bowl in Tampa and compare it to the game year it is virtually the same.
That 's true for 1984 where the average January sales tax in the year before and the year after was $481,664,100 while the January sale tax for 1984 Super Bowl year was $ 472,265,700.
In1991 the average January sales tax in the year before and the year after was $734,605,750 and the sales tax for January 1991 the Super Bowl year was $720,206,300
And 2001 the average January sales tax in the year before and the year after was $1,392,283,772 compared to January 2001 the Super Bowl year its was $1,440,387,270.
Porter says the numbers hold true for other cities that host the Super Bowl. City officials and sports nthusiasts continue to tout bogus numbers. They aren't about to tell taxpayers that their dollars are paying for sporting events that have no positive economic impact on their community.
I paid subscription is needed to read the report on Southern Economic Journal. I would appreciate if someone sends me a copy of the study.
I read this same thing. I'm sorry I can't send you a copy of the report ....
ReplyDeletewish I could help.
It's like when small towns welcome walmart and prisons and dairy queen.
The managers are never hired from the community. Only the min wage workers. same as at the stadium. There's a FEW FINE folks in tampa who will profit from this but the city won't benefit.
Unless you count more criminals moving here to scam people!!
They only incorporate cities so that people can steal from the others in an organized non-competitive fashion.
Sales Tax? Is there more to it? I read the linked article, didn't find much else there either.
ReplyDeleteNot necessarily defending the Super Bowl as an economic boom, but to dismiss it because ONE economic measure was either down or only slightly up seems to be a stretch. What about transportation taxes? Hotel taxes? Tips? Did he look at what event venues were charging the NFL (and hangers-on) as compared to "local" rates? I mean, there are a hundred things that one could look at to gauge economic impact (positive or negative).
I'm not saying he's wrong. But let's be a little more rigorous before we go off on tirades.
And I'm sorry Vox, but Wal-Mart and the NFL couldn't be any different as business if they tried.