Sports facilities are not the "Economic Leaders" supporters of them like to claim! There are several links in this piece that tells the Real Truth, not Consultant's truth!
"Chicago's professional sports industry—which includes five teams—accounted for less than one-tenth of 1 percent of Chicago's 1995 personal income. Baade further commented that even when compared with the revenue of other industries, professional sports teams contribute small amounts to the economy. He noted, for example, that "the sales revenue of Fruit of the Loom exceed[ed] that for all of Major League Baseball (MLB), while the sales revenue of Sears [was] about thirty times larger than that of all MLB revenues."
"Estimates of income that will be generated and, hence, spent in the region are often overstated. Most of the "big" money in sports goes to the owners and players, who may or may not spend the money in the hometown since many live in other cities"
"Very little evidence exists to suggest that sporting events are better at attracting tourism dollars to a city than other activities. More often than not, tourists who attend a baseball or hockey game, for example, are in town on business or are visiting family and would have spent the money on another activity if the sports outlet were not available"
These are but a few tidbits of information from this article & links. While it is primarily about Pro Sporting facilities, if scaled back it represents a clear picture of Thunder Bay's folly! Remember, the primary tenant will be an AHL Professional hockey team!
http://www.unitedformissouri.org/newsroom/myths-half-truths-stadium-proposal
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