(No Ratings Yet)
Loading ...Wales Online has published an interesting story concerning the economics of the raft of new stadia being built in Wales int he coming years.
Brian Morgan, Professor of Entrepreneurship at the Cardiff Management School, believes that those behind these schemes should consider that they are entering a tough business at a tough time, with the economy on the brink of a recession.
Some quotes from the article which you can visit by the link below:
“There is a lot of evidence emerging, particularly in the US, that big, new stadiums do not necessarily equate to big, new expenditure in the local economy.
“The trend is that spending tends to shift to the new stadium from other entertainment complexes.
“The key word is additionality… does the stadium bring additional spending to a local economy? Often the answer is no.
“And when it comes to new stadiums being built at the moment, there has to be caution because we are approaching something of a recession.
“That means household budgets will be tight and planners of new stadiums should look closely at how many people they are going to attract and how much spending is going to go on.”
Source & Full Article: WalesOnline.co.uk
See also:
Liberty Stadium on sportingsights.com
__
__
