So how much revenue do they anticipate the Super Bowl will bring to our area?

[V. Barbarino]

Originally Posted by lolahotass

the superbowl brings in around $350 million to the city of miami btw.

That would be wrong. It's really about 50 million. The difference between super bowl and non SB weeks here in miami in terms of hotel rates, 3%... That it's. If the SB wasn't here the other tourists would be. So it's a myth, don't believe the hype and don't call 911, because it's a joke

[Alan T.]

early emigrees live in Gables/sou mia/key biscayne------->later in Hialeah------------>How many remember when Hialeah was redneck? I do!

[JMT]

Originally Posted by pod

It's called bustin' your balls. 8)

Now go home and get your shinebox.

they used to call him spit shine tommy.

[musicalmissionary]

I say ~150million. 350 sounds like a number from the city which is obviously going to be inflated and 50 is coming from a guy who is wrong about everything, so the truth is somewhere in the middle. I wouldn't be surprised if the city made 50million off permitting alone from the corporate takeover of Lummus Park and all the merchandise vendors.

[pod]

KC of KC and the Sunshine Band is from Hialeah.

[Blackiechan76]

Priciest Super Bowl shuns grassroots fans


It's never been so expensive for sports fans to witness the American football finale

Richard Luscombe in Miami
Thursday February 1, 2007



http://www.guardian.co.uk/internatio...003080,00.html

[JMT]

Extent of Super Bowl's economic impact debated as Miami prepares for game

MIAMI (AP) - Football fans living a lifelong dream, executives with expense accounts and throngs of rich tourists are certain to inject millions into South Florida's economy after they arrive this week for Super Bowl XLI.
They'll stay in four-star hotels, eat at fancy restaurants, take limousine rides and shop at high-end malls.

The official estimate is that the Feb. 4 game and the surrounding festivities will give the region a $400 million boost. But some economists who study the game's monetary impact say that's a pie-in- the-sky estimate, that the actual amount is one-tenth of that.

"If you move that $400 million estimate and you move the decimal point one place to the left you're much closer to what it is that it actually provides," said Robert Baade, an economics professor at Lake Forest College in Chicago who has looked at the financial impact of Super Bowls, Olympics and World Series.

South Florida already is an international tourist destination, with enough hotel rooms, convention halls, concert venues and arenas to accommodate almost any marquee event. Despite the glamorous image, Miami also is one of the poorest cities in the country, facing big- city issues such as a lack of affordable housing, homelessness and bad schools.

Politicians and civic leaders team up to lure big events, a key to making Miami a tourist hotspot and a place where corporations would like to do business or hold conventions, said Rodney Barreto, chairman of the Super Bowl Host Committee. The game and the surrounding festivities also raise millions for charity.

"The Super Bowl, in my opinion, shows corporate America at its best," Barreto said.

Miami-Dade County - which will provide roughly $1 million in fire and police services, shuttles and other services - and the committee offer the $400 million estimate. That includes not only direct purchases by visitors, but also indirect spending by suppliers and vendors, such as a party promoter paying a local limousine company to ferry guests.

PriceWaterhouseCoopers estimates direct spending will be about $195 million in South Florida, which includes Miami, Fort Lauderdale and West Palm Beach.

But Baade discounts the $400 million estimate because he says it only captures increases in taxable sales and does not consider other important economic factors.

For instance, Baade said the estimate does not consider that fans coming to Miami for the game will be replacing other visitors who would have come if the game was not happening. He also says the county does not consider that local residents will cut back on their spending because of higher prices, crowds and other factors.

"A lot of people who might frequent, let's say, hotel areas where they know Super Bowl fans are going to be staying are going to avoid the chaos, the congestion, the peak utilization of sidewalks and roads," Baade said.

Third, Baade suggests there usually is a significant "leakage" of money out of the community, meaning that profits made by restaurant and hotel chains, for example, will go to the companies' headquarters in another state rather than being re-spent locally.

Baade cites the 1999 Super Bowl in Miami, which was credited with bringing a $670 million increase in taxable sales. In a December 2005 study he completed with Victor Matheson and Robert Baumann of the College of Holy Cross, they concluded the game actually generated $36.9 million for the area, when also considering other factors such as population growth and inflation.

Baade contends that the NFL uses these large estimates to lure local governments into building new stadiums that could be potential Super Bowl sites. Politicians can use a successful Super Bowl to gain favour with voters, he said.

However, his research does have critics. Kathleen Davis, executive director of the Sport Management Research Institute, said the Super Bowl stimulates economic activity to the point that the $400 million estimate is more realistic than Baade's research suggests. Davis' company has studied the impact Super Bowls have before, during and after the game.

"I guarantee you that 99 per cent of these economists have never been to a Super Bowl and never collected data on the ground," said Davis, who was hired by the host committee to study Super Bowl XLI's economic impact. "They're not capturing the local spending habits and they focus on whatever factors will justify their arguments."

Carlos Sarmiento, general manager of the 91-room Hotel Victor on South Beach, disputes the assertion that Super Bowl profits will not be re- spent locally. (The hotel is owned by Zom Inc. of Orlando and is operated by Hyatt Hotels & Resorts, based in Chicago.)

"That's very short-visioned," Sarmiento said. "It affects everybody in some way. Some of the money we generate will be put right back into our operations."

In the long term, the free exposure Miami will get in television programs and newspaper articles leading up to the event, and in cutaway shots during the actual game, can reinforce Miami's image, experts said...

FULL STORY: http://www.breitbart.com/news/na/cp_b012706A.xml.html

[pod]

Sad, really. Whereas sports are a religion in other countries too, the excess of US football is crazy. I mean, I'm all for extravagnce, but this goes a little too far, ya know?

[james stratus]

Originally Posted by Barbarino

[quote author=lolahotass link=board=2;threadid=36636;start=0#msg414091 date=1170447433]
the superbowl brings in around $350 million to the city of miami btw.

That would be wrong. It's really about 50 million. The difference between super bowl and non SB weeks here in miami in terms of hotel rates, 3%... That it's. If the SB wasn't here the other tourists would be. So it's a myth, don't believe the hype and don't call 911, because it's a joke
[/quote]

Hotel rooms on SB have been going for upwards of $1200 a night for an average room. That's way up from the $150 the week before. So 3% :

[Lola]

Originally Posted by Barbarino

[quote author=lolahotass link=board=2;threadid=36636;start=0#msg414091 date=1170447433]
the superbowl brings in around $350 million to the city of miami btw.

That would be wrong. It's really about 50 million. The difference between super bowl and non SB weeks here in miami in terms of hotel rates, 3%... That it's. If the SB wasn't here the other tourists would be. So it's a myth, don't believe the hype and don't call 911, because it's a joke
[/quote]


Actually I am wrong in stating it brings MIAMI $350 million..

Its brings the area around $350 million.... You have to understand this impacts all the way from Palm Beach County right on down to the Keys nick. There are 20,000 QUALITY hotel rooms required (not your Motel 6 brand dear)...

30,000-40,000 people visit South Florida during the superbowl week... There are more than 3,500 journalists (400 international) here...

I know all this because i'm working with the NFL and i attended the red carpet media party this week