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(Bloomberg)   LeBron James' return to Cleveland will bring $500 million a year to the local economy. Or as Cleveland calls $500 million, the local economy   (bloomberg.com) divider line 21
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316 clicks; posted to Business » on 16 Jul 2014 at 4:36 PM (9 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-16 03:45:43 PM
Cleveland went from festering craphole to WHAT'S HAPPENING NOW city.  Gary, Indiana says it's up next.
 
2014-07-16 04:40:39 PM
Good. I used to live there, and that city needs all the help it can get.

Oh and Great Lakes Brewery is a national treasure.
 
2014-07-16 04:55:03 PM
He better hurry if he's going to win a championship by himself.
 
2014-07-16 04:59:33 PM
So they're just adding his salary into the economic numbers...
 
2014-07-16 05:05:54 PM
Fun times in Cleveland agaiiin!
 
2014-07-16 05:11:21 PM
<cough> <cough>

Horse pucky.

<cough> <cough>
 
2014-07-16 05:17:17 PM
Yeah, you know what? I worked in downtown Phoenix when the Diamondbacks came to town. Sellout games all the time,. but it didn't so shiat for downtown, neither did the Coyotes or the Suns, except on game nights for about 2 hours before and a half an hour after the games. These "forecasts" are all so much farking hot air, nobody does anything but show up for the games and leave, usually early.
 
2014-07-16 05:20:46 PM
 
2014-07-16 05:53:45 PM
So, he's bringing a couple kilos of crack with him?
 
2014-07-16 07:19:30 PM
Based on the reaction when he left, I would've expected Cleveland to offer nothing more than a shrug to James returning. But, sports fans have lousy memories when they think they have a chance to win.
 
2014-07-16 07:20:02 PM
media.mlive.com
 
2014-07-16 09:03:18 PM
So will they welcome him back with open arms and forget all that "traitor" talk?
 
2014-07-16 09:59:25 PM

Unauthorized Bratwurst: <cough> <cough>

Horse pucky.

<cough> <cough>


When it comes to professional sports, politicians are free to make up any numbers they want. While this isn't too different from any other subject, public cash for billionaire team owners is something Democrats and Republicans can agree on. And the public, not wanting to lose the local circus, er, only reason to live, won't call them on it. Which is why you get really stupid stuff like the mayor of Atlanta getting away with calling a $940 million dollar subsidy an "only $200 million" one while the public cheers on with pride about the new stadium that looks like an ihop with a giant glass arse on the top. It's also why they got away with claiming the nineteen year old current stadium needed $500 million in repairs even though there was zero documentation for that claim. For much of the public, watching their sports team is the only thing in their lives that makes them feel good. Team owners and politicians are all too willing to exploit the situation.
 
2014-07-17 12:45:39 AM

astro716: Fun times in Cleveland agaiiin!


Came here for this, leaving on the train exporting crippling depression.
 
2014-07-17 03:10:17 AM

Mikey1969: Yeah, you know what? I worked in downtown Phoenix when the Diamondbacks came to town. Sellout games all the time,. but it didn't so shiat for downtown, neither did the Coyotes or the Suns, except on game nights for about 2 hours before and a half an hour after the games. These "forecasts" are all so much farking hot air, nobody does anything but show up for the games and leave, usually early.


It's not really a forecast when it's already been proven to be true. Cleveland did take a hit when LeBron
left the first time around. You also admitted the teams did something for downtown around the time their games happened, so you disproved your own claim. You expect people to hang out 5 hours before the game or something?
 
2014-07-17 07:16:45 AM
Probably won't add much when his publicist does a press release about his hepatitis.  Notice the jaundice?

img.fark.net
 
2014-07-17 09:03:08 AM

TheJoe03: Mikey1969: Yeah, you know what? I worked in downtown Phoenix when the Diamondbacks came to town. Sellout games all the time,. but it didn't so shiat for downtown, neither did the Coyotes or the Suns, except on game nights for about 2 hours before and a half an hour after the games. These "forecasts" are all so much farking hot air, nobody does anything but show up for the games and leave, usually early.

It's not really a forecast when it's already been proven to be true. Cleveland did take a hit when LeBron
left the first time around. You also admitted the teams did something for downtown around the time their games happened, so you disproved your own claim. You expect people to hang out 5 hours before the game or something?


The "economic forecasters" do. That's why these are bullshiat. And Cleveland taking a hit when he leaves doesn't automatically mean they're gonna make a bundle when he comes back, especially considering how pissed people were when he left.

But back to the original subject... These economic forecasts insist that people will come down early, stay late, come down on non-game days just to saok in the culture, and the businesses will be booming. IN reality, what happens is that bars and restaurants won't be open during the day, or they'll close at 7 o'clock at night. They'll see a bump on game nights, but other use of the facilities will result in hit and miss business, not the constant cash cow forecasters get paid to claim is just waiting to fall into your hands. The Wiggles are playing? Parents pay an insane amount just for the tickets, they can't afford to go out to eat on top of it. Promise Keepers are in town? That Jesus meeting may sell out a sports arena, but they don't stay and eat or have beers afterwards, either. As a matter of fact, not many events bring a crowd that the business owners can count on. Hell, once the event starts, the restaurants and bars get so empty that they can keep only a single server and bartender on, and the rest of the floor can actually go attend the game, coming back with 5 minutes left on the clock, because nobody will come in. In reality, these games "bringing business" still isn't enough to keep people from going under.

"Economic forecasters" are full of shiat, I've seen it first hand.
 
2014-07-17 09:16:05 AM
Counterpoint:

"Absurdly bad," College of the Holy Cross sports economist Victor Matheson, who studies the impact of sports stadiums and events on local economies, told ThinkProgress of the $500 million figure. "In fact, this may literally be the worst overestimate I have ever seen in my career. Seriously."
 
2014-07-17 12:43:51 PM

GDubDub: Probably won't add much when his publicist does a press release about his hepatitis.  Notice the jaundice?


Wha?

That totally isn't from the big bright yellow surface just out of frame.
 
2014-07-17 01:00:45 PM

Mikey1969: TheJoe03: Mikey1969: Yeah, you know what? I worked in downtown Phoenix when the Diamondbacks came to town. Sellout games all the time,. but it didn't so shiat for downtown, neither did the Coyotes or the Suns, except on game nights for about 2 hours before and a half an hour after the games. These "forecasts" are all so much farking hot air, nobody does anything but show up for the games and leave, usually early.

It's not really a forecast when it's already been proven to be true. Cleveland did take a hit when LeBron
left the first time around. You also admitted the teams did something for downtown around the time their games happened, so you disproved your own claim. You expect people to hang out 5 hours before the game or something?

The "economic forecasters" do. That's why these are bullshiat. And Cleveland taking a hit when he leaves doesn't automatically mean they're gonna make a bundle when he comes back, especially considering how pissed people were when he left.

But back to the original subject... These economic forecasts insist that people will come down early, stay late, come down on non-game days just to saok in the culture, and the businesses will be booming. IN reality, what happens is that bars and restaurants won't be open during the day, or they'll close at 7 o'clock at night. They'll see a bump on game nights, but other use of the facilities will result in hit and miss business, not the constant cash cow forecasters get paid to claim is just waiting to fall into your hands. The Wiggles are playing? Parents pay an insane amount just for the tickets, they can't afford to go out to eat on top of it. Promise Keepers are in town? That Jesus meeting may sell out a sports arena, but they don't stay and eat or have beers afterwards, either. As a matter of fact, not many events bring a crowd that the business owners can count on. Hell, once the event starts, the restaurants and bars get so empty that they can keep only a single server and bartender on, an ...


One would think, but the people of Cleveland have beaten spouse syndrome.  They disowned LeBron when he left (mocked his play in the play-offs for the Cavs, burned jerseys, wished harm upon him, mocked the shiat out of him when he was in Miami, etc).  Since he announced his returned, it is as if all is forgiven!  They are glad he has returned!

The whole time they should have been pissed at Dan Gilbert (Owner) and Danny Ferry (GM while LeBron was there) for doing JACK SQUAT to actually give LeBron anyone to play with.  A broken Shaq and an outsider shooter in Mo Williams don't count!  Gilbert somehow convinced everyone in Cleveland that LeBron was the bad guy, while he should have been one of the two people everyone should have been pissed at.

Also, Cleveland as the favorites to win it all this year? When they have 3 out of 4 number one draft picks and a multi-time MVP on their roster, they should be favorites.  Hell, put LeBron on the Bucks with Parker and they would likely get good odds.

/Not a Bucks fan
 
2014-07-17 01:39:55 PM

Cymbal: Good. I used to live there, and that city needs all the help it can get.

Oh and Great Lakes Brewery is a national treasure.


Indeed. Might pick some up on my way home.
 
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