‘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.

05/26/16 ‘The Olympic Sinkhole’
05/25/16 Members of Class of 2016 Honored For Their Excellence in Academics, Leadership in Service
05/24/16 Blog: Students Explore Philosophy of Food in Tuscany Study Abroad Experience
05/24/16 Holy Cross Alumna Offers Timely Take on Race, Bias Onstage
See All
See All

Featured Videos


See video
Video: Class of 2016 Shares What’s Next

Watch Video >
See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
See video
Men’s Basketball Knocks Off Bucknell In Double Overtime Thriller

Watch Video >
See video
New Webcams Provide Live Video Stream of Campus, Contemplative Center

Watch Video >
See video
Photo Gallery: Contemplative Center Architectural Concepts Come to Fruition

Watch Video >
See video
Video: Winter on the Hill Is All About Making Memories

Watch Video >
See video
Video, Photo Gallery: Holy Cross Wishes You a Merry and Peaceful Christmas

Watch Video >
See video
Video: The Splendor of Autumn on Mount St. James

Watch Video >
More

What’s Happening on Campus


05/27/2016

Commencement Exercises

See More >
06/16/2016

Summer Gateways Orientation

See More >
06/20/2016

Summer Gateways Orientation

See More >
06/23/2016

Summer Gateways Orientation

See More >
More

Holy Cross in the News


05/24/16

Holy Cross Alumna Offers Timely Take on Race, Bias Onstage

StarTribune

College of the Holy Cross graduate Valerie Curtis-Newton ’81 was recently spotlighted in StarTribune, the principle newspaper of Minneapolis, Minn., for her role as...

05/20/16

‘A striking rise for Rivers School grad at Holy Cross’

Boston Globe

The Boston Globe recently spotlighted College of the Holy Cross student-athlete Brendan King ’17, a pitcher for the baseball team advancing to the Patriot League...

05/03/16

Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges

Forbes.com

The College of the Holy Cross ranked No. 19 on Forbes’ list of Best Value Liberal Arts Colleges. For this ranking, Forbes looked at U.S. colleges and universities “that...