Home Back Issues April 2009 Hoping for a playoff payoff

Hoping for a playoff payoff

| Print |  Email
Archives - April 2009
Wednesday, April 01, 2009

BrandonRoy If the Trailblazers make the playoffs, each game could bring $3 million to Portland’s economy.

PHOTO COURTESY OF THE PORTLAND TRAILBLAZERS

PORTLAND If the Portland Trailblazers manage to make the playoffs this season the economic impact of the games may be reason to cheer even if you aren’t a fan.

For each additional playoff game the Blazers play in Portland, up to $3 million could come into the local economy, says Robert Whelan, an economist at the Eugene-based consulting firm ECONorthwest. Much of the money, which would be spent on things such as game tickets, advertising and in pubs, is a source of revenue that supports jobs, he says.

The extra income is short-lived, but “it gets people out of their homes and spending money,” says Whelan. “During a bad recession the value of entertainment increases. People are looking for an escape.”

The Trailblazers have sold out more than 60 consecutive home games, stretching from the final 27 games last season.

Depending on the event, sometimes the perceived benefits don’t add up to much and sometimes they do, experts say.

The Davis Cup, the annual professional tennis tournament, was held in Portland in 2007 and netted the local economy approximately $7 million in direct spending by tourists and media, according to the Oregon Sports Authority, the state’s sports economic development arm that lobbied for the event.

Lane County tourist and commerce observers say the U.S. Track and Field Olympic Trials held in Eugene last year attracted about 75,000 visitors who spent $28 million at local restaurants, hotels and other businesses.

But if the Blazers make the playoffs, the benefits of a spike in increased spending might just be a wash. That consumer spending may just be a redistribution of money that would have been spent anyway, says Paul Swangard, managing director of the Warsaw Sports Marketing Center at the University of Oregon. “How much of it is really new dollars?” he wonders.

Even so, if the Blazers make the playoffs the most valuable economic benefits are likely the intangible ones, such as a renewed sense of optimism during tough times.

“It’s the little, subtle things that change the whole demeanor of the city,” says Drew Mahalic, CEO of the Sports Authority.

JASON SHUFFLER

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Car ignition recalls and lean product design

Contributed Blogs
Friday, April 11, 2014
04.11.14 thumb gm-gettyTOM COX | OB BLOGGER

The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.


Read more...

Eking out a living

News
Tuesday, April 08, 2014
04.08.14 thumb ourtable-coopfarmsBY HANNAH WALLACE | OB BLOGGER

It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.


Read more...

Closing the gap: Community colleges and workforce training

News
Thursday, March 27, 2014
03.27.14 thumb collegeBY MARY SPILDE | OP-ED CONTRIBUTOR

Community college career, technical and workforce programs present an opportunity to bring business and education together as never before.


Read more...

Wheel man

March 2014
Tuesday, February 25, 2014
BY LINDA BAKER

Les Schwab has put a premium on customer service since 1952, when legendary namesake Les Schwab founded the company with one store in Prineville. (Schwab died in 2007.) But if the corporate principles remain essentially the same, the world around this iconic Oregon business has changed dramatically.


Read more...

Workplace benefits

March 2014
Tuesday, February 25, 2014

Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.


Read more...

Fuel's gold

March 2014
Tuesday, February 25, 2014
BY SOPHIA BENNETT

The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue. 


Read more...

Rapid ascent

March 2014
Tuesday, February 25, 2014
IMG 4255-2BY AMY MILSHTEIN

Kelly Dachtler, president of The Clymb, redefines outdoor retail.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS