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Government Stadium Funding vs Panther Economic Impact

TheMaulClaw

By TheMaulClaw,
in Carolina Panthers

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TheMaulClaw Mentor

TheMaulClaw

Posted
Posted

Seems there is a debate between two sides. I firmly believe that the state funding was in the best interest of the state, the Panthers, and the people. The Panthers over the life of the team has been good to the city especially from an economic perspective. They've provided a lot of economic cash flow through the city, much more then what they're receiving. I think Jerry Richardson tried to hold off as long as he could, but with his health it's the only way he can bind the team to city. I think those who oppose the funding might not understand the full scale of the microeconomics at play here. For example, if the Panthers packed their bags a lot of pubs, sports bars, restaurants would take a significant financial hit. Sports bars rely on football for survival, and the Panthers leaving would turn away a lot customers and put a lot of employees at risk.

I would think most Huddlers on here feel the same way as well.

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Doc Holiday Grand Master

Doc Holiday

Posted
Posted

Just from a tax revenue generated perspective it would be idiotic for the state to not help the Panthers out.

A conservative estimate for the Panthers would put tax revenue generated every year from players salaries alone at nearly $40m a year. That's not including merchandise sales tax, food and beverage, hotels, car rentals ticket sales ect. State whining over $62m is hysterical

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