WORCESTER, Mass. – Miami is not likely to profit from hosting Super Bowl XLIV, despite the large crowds expected to descend upon its hotels, restaurants and shops, according to sports economists Robert Baumann and Victor Matheson. The NFL’s claim of an economic windfall between $300 – $400 million for the Super Bowl’s host city is largely inflated, they say.
Their research, which examined the Super Bowl’s economic impact from 1970 – 2001, shows that the event fails to generate significant profits and could even end up costing the city.
Baumann and Matheson, both associate professors of economics at the College of the Holy Cross, have expertise in sports economics and the impact of mega-sporting events on host cities.
For additional information, see their papers:
* “Selling the Big Game: Estimating the Economic Impact of Mega-Events through Taxable Sales” http://ideas.repec.org/p/hcx/wpaper/0510.html
* “Padding Required: Assessing the Economic Impact of the Super Bowl” http://ideas.repec.org/p/hcx/wpaper/0403.html
Members of the media seeking additional information or assistance scheduling an interview should contact Kristine Maloney (associate director of national communications and media relations) or Cristal Steuer (manager of communications and media relations) at 508-793-2419.
For additional information, please contact the Office of Public Affairs at 508-793-2419.
Holy Cross Accounting Program Ranks No. 3 in Massachusetts
Accounting Degree Review
The College of the Holy Cross’ accounting program ranks No. 3 in Accounting Degree Review’s “Top 10 Undergraduate Accounting Programs in Massachusetts.” According to...11/10/15
‘Women in Business conference: Holy Cross alumna at Vanity Fair says degree is key to success’
Telegram & Gazette
“Earning a liberal arts degree is the smartest thing a person can do to become successful in the business world,” said Aimee Bell ’88 to the Worcester Telegram...11/05/15
Economist Magazine Places Holy Cross in Top 3 Percent of ‘Best Value’ Ranking
The College of the Holy Cross is No. 36 among 1300 public and private institutions reviewed by the Economist in its first-ever best value rankings, putting the College in the...