Independent academics who research the economics of sports arenas have long been frustrated by the often-rosy projections that consultants produce and the outsized role they play in public debates.
“The study is completely useless,” said Geoffrey Propheter, a professor of public affairs at the University of Colorado-Denver and the author of. “That’s not a commentary on if it’s done well or not. That’s just a commentary on economic impact studies.”
J.C. Bradbury, an economist at Kennesaw State University, called the CSL report a “concocted PR document” and said the firm was “notorious for doing these for-hire projections for paying clients” that fly in the face of “academic consensus.” ”It is clear already that they support what we’ve said since we first announced 76 Place: the arena is an appropriate use for Center City and will generate significant new jobs and tax revenue because Philadelphia can support two arenas,” the statement said. “Our parking and traffic assumptions are achievable and these findings are more evidence that 76 Place can be developed in a way that protects our neighbors and maximizes benefit to Philadelphia.
“Every single decision make will create winners and losers,” Propheter said. “What you want to know is: Who are the winners, who are the losers, and how much do the winners win, and how much do the losers lose?”neighborhood ― contained information he thought was missing from the economic analysis. That report, however, didn’t put a price tag on the project’s potential impact.
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