According to a press release by the NYCEDC, the 2023 Major League Baseball (MLB) regular season is expected to generate over $900 million in economic activity for the city of New York. This is including activities such as ticket sales, local businesses, tourism, as well as job opportunities. The city is also getting the opportunity to host the 2023 MLB All-Star Game. Additionally, the NYCEDC is looking for a new baseball stadium in the Bronx, which could boost economic activity in the area. The economy can also benefit in ways such as:
Increased tourism: Local hotels, restaurants, and other tourism-related businesses are likely to experience increased demand, leading to higher revenue and job creation.
Boost to local businesses: Retail stores, restaurants, bars, and entertainment venues, as fans spend money on food, drinks, souvenirs, and other items.
Job creation: The NYCEDC estimates that the 2023 MLB regular season will create thousands of new jobs in different areas, including hospitality, transportation, and security,
Increased tax revenue: The economic activity generated by the MLB regular season is likely to result in increased tax revenue for the city, which can be used to fund public services and infrastructure projects.
https://edc.nyc/press-release/nycedc-announces-over-900-million-economic-activity-nyc-2023-mlb-regular-season
I heard some of the MLB rules just got changed too to make it a more interesting, fast paced game. I bet this will be the case for a lot of cities as baseball will continue to hopefully grow in popularity and get more viewers and business.
ReplyDeleteA new stadium in the Bronx would be a really good thing for their community. The bronx haven't been doing good for awhile but a profession sports team could be good. Look what happened with the Brooklyn Nets and Brooklyn.
ReplyDeleteIt is crazy to see how much revenue these professional sports league bring to different cities, broadcasting station's, and everything else around them. Hopefully other cities that are not as well are able to get some type of economic push like this.
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