vikesfan89 Posted February 17, 2018 Share Posted February 17, 2018 Has there been any news on the economic impact of hosting the Super Bowl? Link to comment Share on other sites More sharing options...
Vikes_Bolts1228 Posted February 17, 2018 Share Posted February 17, 2018 2 hours ago, vikesfan89 said: Has there been any news on the economic impact of hosting the Super Bowl? Probably won't hear anything official until the end of Quarter 1. Link to comment Share on other sites More sharing options...
vike daddy Posted February 17, 2018 Share Posted February 17, 2018 49 minutes ago, Vikes_Bolts1228 said: Probably won't hear anything official until the end of Quarter 1. maybe even until halftime? Link to comment Share on other sites More sharing options...
Vikes_Bolts1228 Posted February 17, 2018 Share Posted February 17, 2018 4 minutes ago, vike daddy said: maybe even until halftime? Possibly. Link to comment Share on other sites More sharing options...
Purplexing Posted February 18, 2018 Share Posted February 18, 2018 ... will never hear about it if it loses money or breaks even/ slight profit. I know we'll hear about the REVENUES. Many who report revenues forget about EXPENSES. Link to comment Share on other sites More sharing options...
Purplexing Posted February 18, 2018 Share Posted February 18, 2018 On 2/17/2018 at 2:18 PM, vikesfan89 said: Has there been any news on the economic impact of hosting the Super Bowl? Not 'news' on the final profit / loss, but a discussion of the expenditures involved, which are already accurately estimable from contractual agreement between the NFL and Mpls... https://www.nytimes.com/2018/01/29/sports/football/super-bowl-lii-minnesota.html About halfway down the page is the phrase "at no cost to the N.F.L." It is mentioned 65 times in the contract between Mpls and the NFL for SB LII. It refers to expenditures that Mpls agreed to make on behalf of the NFL. Also of note; rented hotel room count is discussed. Commonly used means state the total hotel rooms rented, whereas the NYT author reflects the economically correct marginal room total above the amount of rooms normally rented to vacationers, business travelers, etc. There are several other detailed points that indicate revenues are over-stated. And, this excerpt at the end is a good summary of the projected impact... *************************************************************************************************************************************************************************************** “All of the economic stuff, if you’re lucky, is going to wash,” Matheson said. He noted there was one big noneconomic justification for hosting the Super Bowl: happiness. “We actually do get measurable impact from people’s satisfaction right after a city has hosted the Olympics, Super Bowl or World Cup,” he said. Perhaps, but is that the windfall Minnesota imagined when it spent $498 million on U.S. Bank Stadium? ********************************************************************************************************************************************************************************************* Link to comment Share on other sites More sharing options...
vike daddy Posted May 30, 2018 Share Posted May 30, 2018 The Minnesota Super Bowl Host Committee (MNSBHC) on Tuesday released the results of an Economic Impact Report. The document calculated the impact of visitors and events over a 10-day period (Jan. 26 – Feb. 4, 2018) that led up to and included Super Bowl LII. According to the report, more than $450 million was spent in Minnesota by visitors, companies hosting events and the broadcast and operations teams who executed one of the world’s largest sporting events. Adjusted for “displaced tourism,” Super Bowl LII brought with it more than $370 million in net new spending to Minnesota, its businesses and its tax rolls – spending that would not have happened in Minnesota had it not been for the Super Bowl. Below are additional highlights from the report: • The Economic Impact is nearly $50 million higher than initial estimates, driven by an estimated $179 million in local game, broadcast and event hosting expenditures – higher than previous Super Bowls. • Super Bowl LII visitors spent an average of $608 per day in Minneapolis. Typical tourism spending averages about $124 per day. • Record demand for hotel rooms and record numbers of passengers and planes at MSP Airport all contributed to putting Super Bowl LII among the best-performing games for the host community. • The new spending and income generated by Super Bowl LII resulted in incremental state and local tax receipts of over $32 million. • The lasting legacy of hosting the Super Bowl can already be felt – meeting and convention leads are up 30 percent, and more than $5.5 million was directly invested in our communities by the Legacy Fund. http://www.vikings.com/news/article-1/Super-Bowl-LII-Generates-450-Million-for-Local-Economy/c30f2598-6c7a-41cb-96fe-95adb0bdf04d?sf190597509=1 Link to comment Share on other sites More sharing options...
swede700 Posted May 30, 2018 Author Share Posted May 30, 2018 And it led to the new starting QB for the Vikings. Link to comment Share on other sites More sharing options...
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