Quote:
Originally Posted by Haworthia
There are serious benefits to being a transportation hub. As a consumer, it means there will be flights to anywhere. The connectivity helps the business and financial sectors. But then there is the simple economics of it. A lot of people work at O'Hare. Even if people never leave the airport and just catch a connecting flight to somewhere else, their money gets cycled into the Chicagoland economy.
I'm glad that this expansion is happening. I think it's needed to maintain O'Hare's importance and thus keep money flowing into Chicago.
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I did some gross estimates a while back, comparing Chicago to similar but non-hub cities, and while there are other factors, I think being a major hub benefits Chicago by about 0.5% additional growth every year (as in 1.5% vs. 2.0%, not as in 1.5% vs 1.5075%) using broad basis stats that would indirectly account for both direct and indirect impacts, and at least $2 billion a year in additional economic value over and above just being a major airport using only direct impacts. If you factored in indirect impacts, the hub dollar value might be as much as 3-5 times as high.
In other words, O'Hare's hub value is probably one of the biggest single things contributing to Chicago's long-term health and keeping it as a major hub should rightly be viewed as do-or-die for area leaders.