Changes

== Poor economic impact of Super Bowl ==

== Poor economic impact of Super Bowl ==

An economist concluded that the NFL's estimate of economic benefit to a city hosting a [[Super Bowl]] is "is inflated by a factor of about five."<ref name="Overhype">https://www.cbsnews.com/news/is-the-super-bowls-ecoomic-impact-super-hyped/</ref>  The mayor of Glendale, Arizona (home of University of Phoenix Stadium, home of the Arizona Cardinals and host of the 2015 Super Bowl), did not even attend the game and "was worried that his cash-strapped city of 230,000 won't be able to afford the added costs that come with the Super Bowl, including $2.1 million in additional security. To make matters worse, approximately 40 percent of Glendale's debt is earmarked to paying off sports complexes."<ref name="Overhype"/><ref>A portion of that debt does not pertain to the NFL, but to the city's inexplicable decision to build a '''''separate''''' arena for the area's NHL Arizona Coyotes franchise instead of the team sharing an arena with the NBA's Phoenix Suns franchise; in every other case where a metropolitan area has both an NBA and an NHL franchise, the teams -- even if owned by different owners -- share the same arena.  The problem was made worse by the team's poor performance and repeated threats to relocate -- even though the team itself relocated to the Phoenix area from Winnipeg, Canada.</ref>

An economist concluded that the NFL's estimate of economic benefit to a city hosting a [[Super Bowl]] is "is inflated by a factor of about five."<ref name="Overhype">https://www.cbsnews.com/news/is-the-super-bowls-ecoomic-impact-super-hyped/</ref>  The mayor of Glendale, Arizona (home of State Farm Stadium, home of the Arizona Cardinals and host of the 2015 Super Bowl), did not even attend the game and "was worried that his cash-strapped city of 230,000 won't be able to afford the added costs that come with the Super Bowl, including $2.1 million in additional security. To make matters worse, approximately 40 percent of Glendale's debt is earmarked to paying off sports complexes."<ref name="Overhype"/><ref>A portion of that debt does not pertain to the NFL, but to the city's inexplicable decision to build a '''''separate''''' arena for the area's NHL Arizona Coyotes franchise instead of the team sharing an arena with the NBA's Phoenix Suns franchise; in almost every other case where a metropolitan area has both an NBA and an NHL franchise, the teams -- even if owned by different owners -- share the same arena.  The problem was made worse by the team's poor performance and repeated threats to relocate -- even though the team itself relocated to the Phoenix area from Winnipeg, Canada.  Even more so, Glendale later invoked an early termination clause, ending the lease after the 2021-2022 season and thus depriving the city of what revenue the lease contributed.</ref>

In 2014, multiple articles explained that the NFL was grossly exaggerating any local economic benefit of hosting the Super Bowl, and one economist estimates that the economic benefit is zero. See, e.g., "Super Bowl 2014: Economist says NFL is full of it about local benefits of hosting game."<ref>http://www.nj.com/super-bowl/index.ssf/2014/01/economist_on_local_impact_of_hosting_super_bowl_the_nfl_is_full_of_it.html</ref>  Meanwhile, government workers at taxpayer expense spent two years preparing for the event.  After the Super Bowl in New Jersey in 2014,<ref>Played in an outdoor stadium in February, generally a bitterly cold time of the year.</ref> local businesses complained about the lack of boost in customers.

In 2014, multiple articles explained that the NFL was grossly exaggerating any local economic benefit of hosting the Super Bowl, and one economist estimates that the economic benefit is zero. See, e.g., "Super Bowl 2014: Economist says NFL is full of it about local benefits of hosting game."<ref>http://www.nj.com/super-bowl/index.ssf/2014/01/economist_on_local_impact_of_hosting_super_bowl_the_nfl_is_full_of_it.html</ref>  Meanwhile, government workers at taxpayer expense spent two years preparing for the event.  After the Super Bowl in New Jersey in 2014,<ref>Played in an outdoor stadium in February, generally a bitterly cold time of the year.</ref> local businesses complained about the lack of boost in customers.