‘Are The Stanley Cup Finals A Boon To Boston’s Economy?’

WGBH

June 17th, 2013 by 


The Holy Cross men’s and women’s ice hockey teams pose with the Stanley Cup in 2011, after the Bruins won the championship series. It was brought to campus courtesy of Matt Chmura ’03, director of communications for the Boston Bruins.

In a story on WGBH news, Victor Matheson, professor of economics at the College of the Holy Cross, commented on the economic impact of the National Hockey League’s (NHL) Stanley Cup playoffs on the city of Boston, as the Bruins are currently in the throes of vying for the title against the Chicago Blackhawks.

Specifically, Matheson contended that the economy is not quite as bolstered by the big sporting event as popular belief would have it. With this in mind, he stated, “There are positive, but quite small impacts from post season appearances.” Then, he noted that fans who attend Bruins games push out Boston residents who would be otherwise spending money in order to stimulate the local economy. “You do get a bunch of people [at the game],” Matheson said. “[B]ut you also might crowd out regular activity that occurs.”

Of course, to an extent, Bruins playoffs games are beneficial to the city, as they amass revenue for local bars, diners, restaurants, hotels, parking garages and transportation companies. However, Matheson warned against being financially overeager, saying, “There is every reason to believe that the Bruins deep run into the Stanley cup is [going to] make Bostonians happy, but we don’t have a lot of evidence that it’s [going to] make Bostonians rich.”

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

For additional information, please contact Cristal Steuer at 508-793-2419.

| More

Comments are closed.

Sort By:
or
10/01/14 ‘Who Does God Root For?’
10/01/14 Holy Cross to Host First Annual New England Collegiate Marching Band Festival
09/30/14 Noted Catholic Author to Discuss Capitalism and the Church
09/29/14 Working For Worcester, WSGA, and Holy Cross Running Club Announces Fall 5K
See All
See All

Featured Videos

See video
Artist-in-Residence Cristina Pato and Renowned Composer Osvaldo Golijov to Lead Concert and Panel Discussion

Watch Video >
See video
Environmental Champion Slottje ’89 on Crusade to Protect America Against Fracking

Watch Video >
See video
Strong Alumni Support Makes for Record-Breaking Year in Giving to Holy Cross

Watch Video >
More

What’s Happening on Campus

10/02/2014

Working Writers Series Presents Author Nick Krieger

See More >
10/05/2014

Internationally Renowned Organist and Cornettist to Perform as Part of Chapel Artists Series

See More >
10/07/2014

Former NBA Player and Fall River Native to Speak at Holy Cross

See More >
10/25/2014

Craft Demonstrations by Refugee Artisans of Worcester

See More >
More

Holy Cross in the News

09/22/14

‘Tesla’s removal of patent restrictions a boost for electric cars’

Worcester Business Journal

In an op-ed for the Worcester Business Journal, Christine Fimognari ’15 discusses a decision by Tesla, a manufacturer of electric cars, to remove patent restrictions in the...

09/12/14

PayScale Ranks Holy Cross Among Liberal Arts Colleges by Salary Potential

The College of the Holy Cross ranked No. 18 among liberal arts colleges and No. 52 in overall private schools according to PayScale, which released its 2014-2015 College...

09/04/14

‘Redesigned Holy Cross dining hall offers new options’

Worcester Telegram & Gazette

The Worcester Telegram & Gazette recently visited the College of the Holy Cross for the soft opening of the newly renovated Kimball Main Dining Hall, which will have its...