Not A Game Changer
Dennis Coates and
Michael Friedman
Additional contact information
Michael Friedman: Department of Kinesiology, School of Public of Health, University of Maryland
No 1120, Working Papers from International Association of Sports Economists, North American Association of Sports Economists
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.
Keywords: Sports; impact analysis; auto racing (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2011-10
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://college.holycross.edu/RePEc/spe/CoatesFriedman_BaltimoreGrandPrix.pdf (application/pdf)
Related works:
Working Paper: Not A Game Changer (2011) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spe:wpaper:1120
Access Statistics for this paper
More papers in Working Papers from International Association of Sports Economists Contact information at EDIRC., North American Association of Sports Economists Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson ().