‘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
02/26/15 ‘Holy Cross Professors and Students Shape Innovative Classroom Experiment’
02/24/15 McFarland Center to Present Free Programs Exploring Christianity’s Role in Society
02/24/15 ‘Look What Happens When A Video Artist’s Virtual Snow Meets Our Winter Of 2015′
02/21/15 ‘Worcester Symphonic Project puts young musicians in spotlight’
See All
See All

Featured Videos

See video
Holy Cross Launches Groundbreaking Web Resource for Exploring Catholic Practice Around the World

Watch Video >
See video
Video, Photo Gallery: Christmastime at Holy Cross is a Sight to See

Watch Video >
See video
Video: What is CreateLab?

Watch Video >
More

What’s Happening on Campus

03/10/2015

'Unclassified: New Music for Bass Clarinet and Marimba'-Transient Canvas Duo

See More >
03/11/2015

Reading - Irish Author Kevin Barry

See More >
03/12/2015

Artist-in-Residence Concert

See More >
03/14/2015

Annual OSI Saint Patrick's Day Festival

See More >
More

Holy Cross in the News

02/18/15

‘Exploring an Institution’s Roots: Board Members Walk in a Saint’s Footsteps’

Trusteeship Magazine

In the January/February issue of Trusteeship Magazine, Rev. Philip L. Boroughs, S.J., president of the College of the Holy Cross, reflects on the pilgrimage he led with a...

02/12/15

‘The best U.S. colleges for a major in English’

USA Today

USA Today reports that the College of the Holy Cross ranks ninth in the top ten places to get an English degree in the U.S. The list, generated from College Factual, is a...

02/12/15

Holy Cross Among Top Producers of Fulbright Students

The Chronicle of Higher Education

The College of the Holy Cross is once again among the liberal arts colleges with the highest number of Fulbright students, according to The Chronicle of Higher Education,...