‘10 things the Super Bowl won’t tell you’

MarketWatch

January 25th, 2013 by 


In a MarketWatch article, Victor Matheson, associate professor of economics at the College of the Holy Cross, commented on the complex economic nature of the National Football League’s Super Bowl.

Typically, cities across the country compete to host the landmark event. This year, the Super Bowl will be held in New Orleans, and since 2006, the city has spent $336 million renovating its football stadium. Analyzing this figure, Matheson recognized that the city of New Orleans expects to accrue hundreds of millions of dollars to spur the local economy, thereby making any costs to taxpayers justified. However, after explaining that the money visitors spend on the Super Bowl takes away from money that would have otherwise been spent on local businesses and events, Matheson contended that “the numbers are greatly exaggerated,” and that the local economy will not necessarily reap the benefits it expects.

In the same article, Matheson also commented on the nature of Super Bowl ticket prices. With prices between $800 and $1,200 and after being resold for four or five times that amount, tickets are hard to come by. Factoring in other costs such as the price of travel, Matheson stated that the big game is more than just pricey. “The Super Bowl has always been an event for the elite and has become more so over time,” he said.

This ‘Holy Cross in the News’ item by David Cotrone ’13.

| More
Tags
Categories
In The News

Comments are closed.

Sort By:
or
05/22/15 Holy Cross Awards 724 Bachelor of Arts Degrees During Commencement Exercises
05/22/15 First Nativity School of Worcester Student to Graduate from Holy Cross
05/21/15 Members of Class of 2015 Honored at Academic Prizes and Awards Presentation
05/20/15 Holy Cross Students Raise $36,500 for Cancer Research
See All
See All

Featured Videos

See video
Holy Cross Awards 724 Bachelor of Arts Degrees During Commencement Exercises

Watch Video >
See video
Senior Spotlight: Holy Cross Is the Place to Strive Academically and Athletically, Says Evan Ocello

Watch Video >
See video
Senior Spotlight: Holy Cross Provides Small Campus with Big Reputation, says Valedictorian Nick Cormier

Watch Video >
More

What’s Happening on Campus

05/22/2015

NROTC Commissioning

See More >
05/22/2015

Commencement Excercises

See More >
05/22/2015

Commencement Reception

See More >
05/29/2015

Collaboration: James Stroud ‘80 and Center Street Studio

See More >
More

Holy Cross in the News

05/22/15

First Nativity School of Worcester Student to Graduate from Holy Cross

When Joao Vickttor “Joveto” De Carvalho ’15 walks across the stage at the College of the Holy Cross Commencement exercises, not only will he be the first member of...

05/19/15

‘New Brookings Study Shows Holy Cross Adds Value to Alumni Mid-Career Earnings’

The College of the Holy Cross fares well in new report from the Brookings Metropolitan Policy Program, titled “Beyond College Rankings, a Value-Added Approach to Assessing...

05/19/15

‘USA Today Ranks Holy Cross No. 2 Among the 10 Best Roman Catholic Colleges in the Country’

USA Today College

According to USA Today College, the College of the Holy Cross ranks No. 2 among the 10 best Roman Catholic colleges in the country. The article lauds Holy Cross for its...