Not A Game Changer
AbstractSurveys of patrons of the 2011 Baltimore Grand Prix provide evidence of the economic impact of the event that is vastly smaller than the projections by the events promoter, Baltimore Racing Development. Our best estimate of the gross spending impact of the event is about $25 million, while the promoter projected impact of $70 million. About 76% of the patrons in our sample came from Maryland, and about 64% of them from the Baltimore metropolitan area. Consequently, about $10 million of the spending we found would likely have occurred in Baltimore or Maryland even without the event. Based on our survey information, the Baltimore Grand Prix was certainly not a game changer.
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Bibliographic InfoPaper provided by International Association of Sports Economists & North American Association of Sports Economists in its series Working Papers with number 1120.
Length: 21 pages
Date of creation: Oct 2011
Date of revision:
Sports; impact analysis; auto racing;
Other versions of this item:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Larry Dwyer & Peter Forsyth, 2009. "Public Sector Support for Special Events," Eastern Economic Journal, Palgrave Macmillan, vol. 35(4), pages 481-499.
- Baade, Robert A & Dye, Richard F, 1988. "An Analysis of the Economic Rationale for Public Subsidization of Sports Stadiums," The Annals of Regional Science, Springer, vol. 22(2), pages 37-47, July.
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