Quote:
Originally Posted by emathias
I wonder how much the Cubs World Series appearance added to Chicago's economy. I mean, just in ticket sales, if the three games here averaged $1,000 per seat, averaging across people who paid face and people who had to buy on the secondary market, that's over $120 million just in ticket sales. Not to mention the million people spending extra money on beer and apparel and cab fares, etc.
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The only benefit is from people living outside the city coming in for the playoff atmosphere and parade. A $1 spent by a Chicagoan on the Cubs would have been spent elsewhere in the city (or outside) assuming people maintain the same average consumption and savings rate.