‘Super Bowl 2013: Will The Game Help New Orleans’ Economy? (VIDEO)’

HuffPost Live

February 1st, 2013 by 

Appearing live on the Huffington Post, Victor Matheson, associate professor of economics at the College of the Holy Cross, questioned the NFL’s projection of the game’s $434 million boost to the New Orleans economy. Having analyzed the economic impact of Super Bowls from 1973-97, Matheson ultimately concluded that the Super Bowl only contributes – at best – one-quarter of what the NFL promises the host city.

Matheson explained that part of the problem is that money that Super Bowl fanatics spend in New Orleans on Super Bowl weekend won’t all go to the city’s local economy. “All this money is going back to corporate headquarters in New York City. So it’s being spent in New Orleans, but none of that is sticking in New Orleans,” Matheson reported.

This “Holy Cross in the News” item is by Sara Bovat ’14.

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