[82lsju]

Roger Noll, Stanford economics professor emeritus, understands the inflamed passions of pro football fans. But he warns emotions can cloud good financial decisions when it comes to moving the Raiders to Las Vegas.

Noll rejects the financial projections Nevada lawmakers used to pass a bill to contribute $750 million to a proposed $1.9 billion NFL stadium next to the Strip.

“It is a catenation of optimistic assumptions,” he said. “The probability that it could happen isn’t zero, but it is pretty close to zero.”

Relying on economic forecasting studies, Nevada officials expect to draw 451,000 new visitors because of the 65,000-seat stadium. These tourists would spend an average of 3.2 nights per visit, leading to an additional $650,000 in annual income to the area. 

http://www.mercurynews.com/2017/03/22/ra...mist-says/

[82lsju]

Roger Noll, Stanford economics professor emeritus, understands the inflamed passions of pro football fans. But he warns emotions can cloud good financial decisions when it comes to moving the Raiders to Las Vegas.

Noll rejects the financial projections Nevada lawmakers used to pass a bill to contribute $750 million to a proposed $1.9 billion NFL stadium next to the Strip.

“It is a catenation of optimistic assumptions,” he said. “The probability that it could happen isn’t zero, but it is pretty close to zero.”

Relying on economic forecasting studies, Nevada officials expect to draw 451,000 new visitors because of the 65,000-seat stadium. These tourists would spend an average of 3.2 nights per visit, leading to an additional $650,000 in annual income to the area. 

http://www.mercurynews.com/2017/03/22/ra...mist-says/