The National Football League and
money go hand in hand; there is clearly a lot of money involved in the NFL.
This podcast about the superbowl and the city in which it takes places is
interesting in explaining how that city doesn’t benefit. Well atleast as much
as I personally thought it benefited.
This year, superbowl 46 is being held in Indianapolis at the
Lucas Oil Stadium, where the Colts consider home. This stadium was built in
2008, the same year in which it was chosen to host the 46th
superbowl. The economists in the podcast make it clear that this was not a
coincidence. Costing over 700 million dollars this Football stadium won’t be
paid off for another 30 years. When teams and cities decide to renovate or redo
a stadium the NFL tries to reward them. The NFL says the reward of hosting a
superbowl will beneficial to the stadium and the surrounding economy. If the NFL told me that, I would
believe that. Considering all the people that come together and the money that
is spent.
These economists point out that the
money is being spent but it is more so “being sucked out of people’s hands and
disappearing”. The NFL has a flawed way of over counting the benefits to the
economy. It’s better to say that money is being shifted around than anything
else. The city itself thinks that there economy will not only benefit from the
superbowl but it will also help public relations within the city. This podcast
explains how there are very few success stores of special events making a city
prosper. Clearly, there is a misinterpretation about the benefits in a city
from the NFL. I think the podcast successfully explains the way in which the
superbowl has flawed benefits.
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