The bottom line is no, it's not worth it. It'd be worth it if you could hold down cost. But even if you get the stadium for free, you can't sustain the revenue without improving the quality of the team. You have to get more high-paid players to sustain that revenue.
More Quotes from Roger Noll:
It'll probably be another 10 years until the boom comes back again. Teams want major renovations every 20 years or so.Roger Noll
The act of building a dome costs you 150 million right off the top, ... The attendance effect you get from having a domed stadium is way too small to justify the additional costs. You'd have to think 50 percent of attendance is at stake without a dome for it to make sense.
Roger Noll
It's much harder to argue that there's a useful role for (the California institute) if there are no restrictions on the NIH.
Roger Noll
If you build a smaller stadium, not only is it more fun to watch the game, it creates scarcity.
Roger Noll
If you put a Super Bowl in Detroit in January, it does have a big positive benefit to the city - a significant fraction of those who attend and spend hundreds of bucks a piece wouldn't be there otherwise. But if you do the same thing in New Orleans for Mardi Gras, you're just displacing people who would be there anyway.
Roger Noll
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Based on Topics: Quality QuotesBased on Keywords: high-paid
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