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Professional Sports, Hurricane Katrina, and the Economic Redevelopment of New Orleans: Revisited

Author

Listed:
  • Victor Matheson

    (Department of Economics and Accounting, College of the Holy Cross)

  • Robert Baade

    (Department of Business and Economics, Lake Forest College)

  • Callan Hendershott

    (Department of Economics and Accounting, College of the Holy Cross)

Abstract

Hurricane Katrina devastated the city of New Orleans in late August 2005, resulting in damage to much of the city�s sports infrastructure and the temporary departure of both of New Orleans� major league professional sports teams, the National Football League Saints and the National Basketball Association Hornets. The city spent over $500 million restoring the sports infrastructure in New Orleans, and both teams subsequently returned to the city. In addition, New Orleans has since hosted numerous mega-sporting events including the Super Bowl, NCAA Men�s Basketball Final Four, and several college football national championships. This paper examines the economic impact of Hurricane Katrina on professional sports in New Orleans and traces the recovery of the city in conjunction with spectator sports.

Suggested Citation

  • Victor Matheson & Robert Baade & Callan Hendershott, 2018. "Professional Sports, Hurricane Katrina, and the Economic Redevelopment of New Orleans: Revisited," Working Papers 1817, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:1817
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    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1817-Matheson-Baade-Hendershott_NewOrleans.pdf
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    More about this item

    Keywords

    Natural disasters; hurricane; New Orleans; economic development; sports; mega-events; Hurricane Katrina; stadiums;
    All these keywords.

    JEL classification:

    • Z28 - Other Special Topics - - Sports Economics - - - Policy
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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