CHICAGO | Economic & Business Development

[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.

[Justin_Chicago]

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.

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.