Oh, the Irony of It All
The Seattle Sonics want to get out of their lease. So they're making all the arguments that economists have made for years: having a sports team in a city does little or nothing for the economy of that city:
"The financial issue is simple, and the city's analysts agree, there will be no net economic loss if the Sonics leave Seattle. Entertainment dollars not spent on the Sonics will be spent on Seattle's many other sports and entertainment options. Seattleites will not reduce their entertainment budget simply because the Sonics leave," the Sonics said in the court brief.[h/t Skip Sauer at The Sports Economist]
Category: Economics, Sports Posted on
Monday, January 21, 2008 at 8:56am
<< main
