Professional Sports, Hurricane Katrina, and the Economic Redevelopment of New Orleans: Revisited

Victor Matheson, Robert Baade () and Callan Hendershott ()
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Robert Baade: Department of Business and Economics, Lake Forest College
Callan Hendershott: Department of Economics and Accounting, College of the Holy Cross

No 1817, Working Papers from College of the Holy Cross, Department of Economics

Abstract: Hurricane Katrina devastated the city of New Orleans in late August 2005, resulting in damage to much of the city�s sports infrastructure and the temporary departure of both of New Orleans� major league professional sports teams, the National Football League Saints and the National Basketball Association Hornets. The city spent over $500 million restoring the sports infrastructure in New Orleans, and both teams subsequently returned to the city. In addition, New Orleans has since hosted numerous mega-sporting events including the Super Bowl, NCAA Men�s Basketball Final Four, and several college football national championships. This paper examines the economic impact of Hurricane Katrina on professional sports in New Orleans and traces the recovery of the city in conjunction with spectator sports.

Keywords: Natural disasters; hurricane; New Orleans; economic development; sports; mega-events; Hurricane Katrina; stadiums (search for similar items in EconPapers)
JEL-codes: O18 R53 Z28 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2018-12
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Published in New Orleans Sports, David Wiggins and Thomas Aeillo, eds., (Fayetteville, Arkansas: University of Arkansas Press), forthcoming.

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