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| West Side Stadium Holds Key to 2012 Olympics (Site not responding. Last check: 2007-10-13) |
 | | Contrary to popular belief about stadiums, Lowenstein said they, in fact, don’t bring in many new visitors, don’t serve as an engine for permanent jobs, and don’t generate new leisure and entertainment dollars, but only create a substitution effect. |
 | | Except for construction jobs, stadiums are not catalysts for big injections of new cash into the economy, and the money they do yield doesn’t necessarily stay in the region, with many stars who make multimillion dollar salaries choosing to live elsewhere, she added. |
 | | As a stadium only, the IBO found that the city would experience a $145 million loss over the financing term, with a combined city, state and MTA loss of $244 million. |
| www.nysscpa.org /trustedprof/605a/tp4.htm (860 words) |
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