Don't expect a big economic boost with the Chargers' move to Los Angeles - News Summed Up

Don't expect a big economic boost with the Chargers' move to Los Angeles


A second NFL team soon will call Los Angeles home, but sports economists say the addition of the Chargers might not necessarily provide an economic boost for the area. And sports economists say there’s only a certain amount of dollars that will go toward sporting events and merchandise. Game attendance for two NFL teams over a season was projected at more than 1.3 million, according to a 2015 study by the Los Angeles Economic Development Council, which analyzed the economic impact of an NFL stadium in Carson. Team and stadium operations spending by those two franchises was estimated at $470 million for 2015, according to the report. But the L.A. teams’ losing records — 5-11 for the Chargers last season and 4-12 for the Rams — don’t help attendance and merchandise sales.


Source: Los Angeles Times January 12, 2017 20:04 UTC



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