Jump to content
Sign in to follow this  
RichB

Cost to minneapolis economy?

Recommended Posts

Chuck Todd on Meet the press mentioned the cost to the economy of cities that lost the first round of NCAA-BB ($8M, Cleveland), Frozen 4($10M, Detroit), Final 4( $100M, Atlanta?)

I am guessing our non event cost Minneapolis $25-50M(including the cost of tickets in and out of the airport, The normal 3 days plus tournament eve was St Patrick's day.  Still we won't know if NCAA never reveals pre-sales of tickets. 

Share this post


Link to post
Share on other sites
7 hours ago, RichB said:

Chuck Todd on Meet the press mentioned the cost to the economy of cities that lost the first round of NCAA-BB ($8M, Cleveland), Frozen 4($10M, Detroit), Final 4( $100M, Atlanta?)

I am guessing our non event cost Minneapolis $25-50M(including the cost of tickets in and out of the airport, The normal 3 days plus tournament eve was St Patrick's day.  Still we won't know if NCAA never reveals pre-sales of tickets. 

Sure but what's the cost to the economy of 20% decline in stock market, banned international travel, reduced domestic travel, reduced restaurant etc business all over the country.  Minny a drop in the bucket.

If you want to make a difference think about how much you would've spent in Minny and invest that in stocks next week or if want to help Minneapolis directly find a micro brew there that delivers & order $1,000 of beer.  That micro brew will spend the money locally thus multiplying impact in Minneapolis & Minnesota.  Don't buy PBR (unless you are mFlap) that won't help.  ;)

Edited by ionel

Share this post


Link to post
Share on other sites
5 hours ago, Broomstick said:

$25 to $50 Million sounds in the ballpark to me.  40,000 people sending $1,000 each is $40 mill.

Thanks for a non arrogant reply, Broomstick. Chuck Todd mentioned other events, and I was curious about where we fit in, I certainly did not expect a lecture from a couple of jerks.

Share this post


Link to post
Share on other sites
4 hours ago, RichB said:

Thanks for a non arrogant reply, Broomstick. Chuck Todd mentioned other events, and I was curious about where we fit in, I certainly did not expect a lecture from a couple of jerks.

Somewhwere at the bottom of the pile. Wrestling is the last thing Chuck Todd or his ilk think about; if they even do then it's "Oh yea uh wrestling.".

Share this post


Link to post
Share on other sites
10 hours ago, Plasmodium said:

1000 bucks per day is wayyyyy too much.  This is a wrestling crowd, so more like 250, hotel and travel included 

I said/meant $1000 per person for the entire event, not per day.  Would think anyone traveling in by airand staying in a hotel for 3 nights easily hits that amount and even those driving in and staying in a hotel would get close with 3 (4 for many) nights + meals/drinks/entertainment.

Edited by Broomstick

Share this post


Link to post
Share on other sites

$290 for tickets

$390 for flights 

>$250 for Minn hotel, 4 nights *every time I have flown to NCAA it was 4 hotel/motel night

>$100 for meals (not counting $55 for wrestling club)

~$30 for program and mat radio

Over $1100,  in minneapolis

Plus my flight in was early, out late, another $60-------------  

Sure you could drive in like most Hawkeyes would have I assume, Sure you could stay at Red Roof inn. But you could also spend $100 a day on food and drink, and be in a luxury box.

------------------------------

One reason I brought this up was, would this have been the most attended final championship event in NCAA (Bkt-Ball it was 2 sessions of a little over 72,000 each session, football twice was at the Rosebowl. about 105,000 I assume). I don't know what the college world series attendance is, I suppose that could be over 200,000, like we probably would have. Had

It was right to cancel events that hadn't started yet. (I kind of think Canceling Skiing in the middle of the championship was not good. PIAA canceled 3/4 thru AAA swimming but canceled all AA swimming), Could be a lot of repercussions about NCWA going forward, With 600 competitors I think family members must have meant  a couple thousand spectators.

 

Share this post


Link to post
Share on other sites
32 minutes ago, RichB said:

$290 for tickets

$390 for flights 

>$250 for Minn hotel, 4 nights *every time I have flown to NCAA it was 4 hotel/motel night

>$100 for meals (not counting $55 for wrestling club)

~$30 for program and mat radio

Over $1100,  in minneapolis.

 

No beer?  :(

Share this post


Link to post
Share on other sites

Just talked to a bar/restaurant owner here in PA.  College town and already lost the college kid $$$, now is on a two week shutdown.

This is going to cost my local economy hundreds of thousands a week.

Share this post


Link to post
Share on other sites
On 3/15/2020 at 12:16 PM, ionel said:

Sure but what's the cost to the economy of 20% decline in stock market, banned international travel, reduced domestic travel, reduced restaurant etc business all over the country.  Minny a drop in the bucket.

If you want to make a difference think about how much you would've spent in Minny and invest that in stocks next week or if want to help Minneapolis directly find a micro brew there that delivers & order $1,000 of beer.  That micro brew will spend the money locally thus multiplying impact in Minneapolis & Minnesota.  Don't buy PBR (unless you are mFlap) that won't help.  ;)

If you wanna directly help someone in Minneapolis, feel free to donate to me. Just lost my job in the restaurant industry today because of the virus. You won’t get $1000 worth of beer though.

Share this post


Link to post
Share on other sites
1 hour ago, simple said:

If you wanna directly help someone in Minneapolis, feel free to donate to me. Just lost my job in the restaurant industry today because of the virus. You won’t get $1000 worth of beer though.

Good luck to you. Is it a smaller private restaurant/bar? Did they indicate it's more of a temporary situation until this is done, then they can bring you/others back? Hang in there, sign up for your unemployment if you can

Share this post


Link to post
Share on other sites
10 hours ago, pepeFantastico said:

Good luck to you. Is it a smaller private restaurant/bar? Did they indicate it's more of a temporary situation until this is done, then they can bring you/others back? Hang in there, sign up for your unemployment if you can

Yes, hopefully temporarily, but depends on how long this all lasts.

Share this post


Link to post
Share on other sites

I don't understand when someone is thinking something about those who are effected.....it has to be a life threatening effect or its not even worth thinking about.  I don't get why you are not allowed to have thoughts/concerns for one group while at the same time having thoughts about a less effected group.  Gives them something to gripe about I guess..

Share this post


Link to post
Share on other sites
On 3/15/2020 at 6:40 PM, RichB said:

Thanks for a non arrogant reply, Broomstick. Chuck Todd mentioned other events, and I was curious about where we fit in, I certainly did not expect a lecture from a couple of jerks.

Broomstick wasn't an econ major and doesn't understand the multiplier effect.  

 

Share this post


Link to post
Share on other sites
20 hours ago, TheOhioState said:

Broomstick wasn't an econ major and doesn't understand the multiplier effect.  

 

I take it you mean if someone posts a non related response on a forum, that multiplies into many non related posts. And yes I do it, and yes I was an Econ major.

Share this post


Link to post
Share on other sites
On 3/16/2020 at 3:39 PM, RichB said:

$290 for tickets

$390 for flights 

>$250 for Minn hotel, 4 nights *every time I have flown to NCAA it was 4 hotel/motel night

>$100 for meals (not counting $55 for wrestling club)

~$30 for program and mat radio

Over $1100,  in minneapolis

......................

me and the mrs. (so per couple):   

$600 for 2 tickets

$890 for flights

$75 parking at airport

$75 for Uber/Lyft

$800 for hotel (4 nights) - i was actually pretty happy with this rate

             (unless you're sharing a room with 4 ppl, i don't know how you get $250 for 4 nights)

$400 for meals - ($100 seems low)

$70 for program and 1 t-shirt

$300 for beer/drinks/tips                         

$3,210 per couple or $1,605 per person   (does not include any casino visits ;-)

Edited by d-

Share this post


Link to post
Share on other sites
7 hours ago, d- said:

me and the mrs. (so per couple):   

$600 for 2 tickets

$890 for flights

$75 parking at airport

$75 for Uber/Lyft

$800 for hotel (4 nights) - i was actually pretty happy with this rate

             (unless you're sharing a room with 4 ppl, i don't know how you get $250 for 4 nights)

$400 for meals - ($100 seems low)

$70 for program and 1 t-shirt

$300 for beer/drinks/tips                         

$3,210 per couple or $1,605 per person   (does not include any casino visits ;-)

I didn't count parking at the flight origin airport, Or a Motel the night before to catch an 8:15 flight, because not part of the minneapolis economy. Or the gas to drive to the airport

Share this post


Link to post
Share on other sites
On 3/16/2020 at 3:39 PM, RichB said:

$290 for tickets

$390 for flights 

>$250 for Minn hotel, 4 nights *every time I have flown to NCAA it was 4 hotel/motel night

>$100 for meals (not counting $55 for wrestling club)

~$30 for program and mat radio

Over $1100,  in minneapolis

Plus my flight in was early, out late, another $60-------------  

Sure you could drive in like most Hawkeyes would have I assume, Sure you could stay at Red Roof inn. But you could also spend $100 a day on food and drink, and be in a luxury box.

------------------------------

One reason I brought this up was, would this have been the most attended final championship event in NCAA (Bkt-Ball it was 2 sessions of a little over 72,000 each session, football twice was at the Rosebowl. about 105,000 I assume). I don't know what the college world series attendance is, I suppose that could be over 200,000, like we probably would have. Had

It was right to cancel events that hadn't started yet. (I kind of think Canceling Skiing in the middle of the championship was not good. PIAA canceled 3/4 thru AAA swimming but canceled all AA swimming), Could be a lot of repercussions about NCWA going forward, With 600 competitors I think family members must have meant  a couple thousand spectators.

 

For my group, I'm thinking all of the above, maybe an Uber or 2, over $100 for meals with drinks, and maybe a T-shirt or 3.....and they are top dollar.  He mentioned a program...they were I believe $2 at my first NCAA.....talk about inflation....and tons of advertising in them.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...