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Not A Game Changer

Author

Listed:
  • Dennis Coates

    (UMBC)

  • Michael T. Friedman

    (University of Maryland, College Park)

Abstract

Surveys 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.

Suggested Citation

  • Dennis Coates & Michael T. Friedman, 2011. "Not A Game Changer ," UMBC Economics Department Working Papers 11-134, UMBC Department of Economics.
    • Handle: RePEc:umb:econwp:11134
    as

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    File URL: http://www.umbc.edu/economics/wpapers/wp_11_134.pdf
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    Other versions of this item:

    • Dennis Coates & Michael T. Friedman, 2011. "Not A Game Changer," Working Papers 1120, International Association of Sports Economists;North American Association of Sports Economists.

    References listed on IDEAS

    as
    1. Larry Dwyer & Peter Forsyth, 2009. "Public Sector Support for Special Events," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 35(4), pages 481-499.
    2. 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;Western Regional Science Association, vol. 22(2), pages 37-47, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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