Estimates of DNC 2024 economic impact are overblown, some experts say – Crain’s*

The 1996 study showed that the event would generate $24 million in projected tax revenue, which factored in primary and secondary impacts on the city's economy, including employment and business activity. Allen R. Sanderson, a senior instructional professor in economics at the University of Chicago, believes the city will be lucky to not land in the negatives when the convention is over, mentioning the cost of security measures for such an event.
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Giddyap
3 years ago

Rose-colored-glasses predictions of economic revival from a political convention are bullshit

https://www.ajc.com/news/atlanta-news/atlantas-loss-of-dnc-not-a-huge-blow-to-regional-economy/I2A4XGXN7NDUDITAI3MZJRLOBU/

marko
3 years ago
Reply to  Mark Glennon

This is like defending an abusive spouse. “I know he’ll stop hitting me after he stops drinking, he hasn’t touched the stuff all week”. Crains backed the Democrats for the last 20years, maybe longer. They routinely glossed over problems that were building while supporting and giving press to every ridiculous DEI movement helping normalize them at the expense of the bare knuckles business reporting we needed. I canceled over a decade ago and it’s gotten worse. Crains is dead to a lot of us and no amount of course change can undo the damage. We dont need a business journal… Read more »

debtsor
3 years ago
Reply to  marko

Crains? What’s that, never heard of it.

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