January 25, 2004
You can't put a price on $1 billion
It must be a slow news week, because suddenly everyone is doing stories on the economic impact of recently built sports facilities. Today it's the Houston Chronicle's turn, where a peek into the results of the $1 billion spent on new facilities for the Astros, Texans, and Rockets reveals that ... "Sports is one of the few things that holds a city together." "The teams lend a positive identity." "There are thousands of people who may never go to a game, but they'll argue about it. They're getting all of this enjoyment. There's no reasonable way to estimate the value of that."
Posted by Neil deMause
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