February 27, 2005
Indy mayor wields combine stick
The threats of the Indianapolis Colts moving to Los Angeles or of not getting to host future Super Bowls didn't seem to be doing the trick, so Indianapolis Mayor Bart Peterson pulled out the big guns yesterday: Without a new stadium and convention center, he warned, the city could be forced to stop hosting the annual NFL scouting combine. And the combine, said Peterson, has an annual economic impact for the city of $3 million.
There's that term "economic activity" again. As you'll recall, previously breathless reports have said that a new stadium would generate $30 million a year in economic activity (defined, you'll remember, as any money spent within city limits, regardless of who gets it) - which would translate into $1.2 million a year in new local tax revenues. Applying the same ratio, the scouting combine could be expected to generate $120,000 a year - all for an annual investment of a mere $40 million or so by the public.
If that sounds tempting, man, have I got an eBay auction for you.
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