tag:blogger.com,1999:blog-1021348172235346593.post1033724825831602398..comments2024-03-03T06:01:35.285-05:00Comments on Shadow of the Stadium: More Great Advice for Politicians Thinking About Building a StadiumUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1021348172235346593.post-16991327592865515212015-04-10T19:56:49.512-04:002015-04-10T19:56:49.512-04:00Glenn Cassidy
Visiting Assistant Professor of Econ...Glenn Cassidy<br />Visiting Assistant Professor of Economics<br />University of Illinois at Springfield<br /><br />Hi Glenn,<br /><br />Please read http://garysheltonsports.com/lets-end-stadium-stamps-for-the-rich/<br /><br />Thanks.scott myershttps://www.blogger.com/profile/02612909222047091812noreply@blogger.comtag:blogger.com,1999:blog-1021348172235346593.post-22967213019277884652015-04-10T16:22:28.935-04:002015-04-10T16:22:28.935-04:00Very interesting questions and topics that make a ...Very interesting questions and topics that make a lot of sense. Not only in sports, but also for other type of public investments/expenses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1021348172235346593.post-32447398807638764242015-04-10T14:52:56.781-04:002015-04-10T14:52:56.781-04:00It would be fantastic if the City Council of St. P...It would be fantastic if the City Council of St. Petersburg could have 5 economic impact analyses to review regarding the effect of the Tampa Bay Rays. In the era of big data, there has to be a way to create an average of economic models to reasonably estimate the overall ROI on the city's existing stadium.<br /><br />To negotiate with the Rays right now (with zero information) is to do so with both eyes closed.<br /><br />Please help us avoid being fleeced like Miami-Dade County, FL and Cobb County, GA.<br /><br />Who would the City engage? And how much would each study cost?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1021348172235346593.post-47755547691724928202015-04-10T13:19:03.443-04:002015-04-10T13:19:03.443-04:00I am always skeptical of multiplier effects’ inclu...I am always skeptical of multiplier effects’ inclusion in benefit-cost analysis. Their legitimacy as benefits is often dubious. If multipliers are included on the benefit side for the project but not on the cost side, then this biases the math, even if the multipliers are legitimate benefits. State government officials should keep handy a list of multipliers for readily available alternatives to a stadium project. Some suggestions to have at hand:<br />• What would be the multiplier effect of using the money to increase the standard deduction on state income taxes, thus increasing consumption in the state? <br />• What would be the multiplier effect of reducing the sales tax rate to generate the same amount of savings to consumers?<br />• What would be the multiplier effect of increasing state aid to primary-secondary education?<br />• What would be the multiplier effect of targeted infrastructure investment around the city for the general benefit of commercial centers or residential neighborhoods? Have a list of projects with high impacts – pull them off the capital spending plan. Take them from other local Chamber of Commerce requests.<br />• What would be the impact of reducing business taxes in general or property taxes in general?<br />In short, identify the alternatives with the highest benefits and be ready to point to those alternative needs.<br /><br />Glenn Cassidy<br />Visiting Assistant Professor of Economics<br />University of Illinois at Springfield<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1021348172235346593.post-74349535392655806832015-04-10T10:34:02.371-04:002015-04-10T10:34:02.371-04:00And when looking to build a replacement stadium, d...And when looking to build a replacement stadium, double down on all of this due diligence! See http://garysheltonsports.com/lets-end-stadium-stamps-for-the-rich/scott myershttps://www.blogger.com/profile/02612909222047091812noreply@blogger.com