Carson NFL LA Stadium Economic Impact Analysis Paid For By Oakland Raiders

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Someone leaked the Carson NFL LA Stadium Economic Impact Analysis done by The LAEDC Institute for Applied Economics, and I discovered it and re-uploaded the copy to Scribd. There was one before but only seen 17 times; I’d figured I could up that a lot.

The bottom line is that the study, reportedly done at the request of counsel (guess who’s?), was sloppy. For example, it reads that because the LA Metropolitan area has 21 million people, the stadium should “reasonably” be expected to sell out.

Raiders Paid For Part Of Study, As Well As Video, And Lapel Pin

But one thing that stood out in my mind is this sentence:

“This research was commissioned by San Diego Chargers and Oakland Raiders.”

That means the Oakland Raiders have been entirely punking the City of Oakland. While giving signals they wanted to remain in Oakland, the Raiders have paid for part of this study, paid for part of the promotional video, and pinned a lapel pin on the Mayor of Carson last week.

I think we will next learn the Raiders paid for the new dual-logo jerseys worn by the fans at the pep rally before the Carson City Council meeting.

This marks the biggest political head-fake in the history of sports and politics. But the cat’s out of the bag now, and the ball is in Oakland’s court.

That aside, the report reads that the project will generate $72 million for the local economy and employ over 7,000 people. Or..Quoting the study…

One-Time Project Development Impacts

While the total cost is estimated to be in excess of $1.7 billion, the development cost of the Los Angeles Stadium in Carson is currently estimated to be $1.6 billion (excluding financing and other costs).

-16,740 annual jobs;
-$1.1 billion in local labor income;
-$2.6 billion in total output (business revenues);
-$1.4 billion contributed to regional GDP; and
-$118 million in state and local taxes, of which $32.3 million will be earned by the County and $14.8 million will be earned by cities.

And Annual Impacts of Ongoing Activity

Once completed, the stadium may host one or two NFL teams, and be a regional cultural and entertainment venue for non-NFL-related events. The total annual economic impact in Los Angeles County of all ongoing activity occurring at the stadium is shown in Exhibit E-2. It is estimated that events occurring at the stadium, both NFL games and non-NFL events, will generate annual local revenues of $280.9 million with a single team and $531.3 million with two teams operating at the stadium. The total annual economic impact in Los Angeles County of this activity, including direct, indirect and induced impacts, is:

7,560 jobs with one team
(13,380 with two teams)

$343 million
($609 million)
in local labor income;

$507 million
($891 million)
in total output;

$299 million
($528 million)
contributed to regional GDP; and

$33.2 million
($60 million)
in state and local taxes, of which $9.3 million
($16.7 million)
will be earned by the County each year and $4.4 million
($8.0 million)
will be earned by cities. This excludes additional property taxes generated by the increased assessed value of the redeveloped site.

Carson NFL LA Stadium Economic Impact Analysis

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