Fox 21: Economists cry foul on state’s All-Star Game revenue projections

Posted: Apr 9, 2021 / 07:23 AM MDT / Updated: Apr 9, 2021 / 07:23 AM MDT

MSU Denver professor Kishore Kulkarni expects the impact to fall somewhere between $50M and $80M, depending on how many people are allowed at the game and in surrounding hotels, bars, and restaurants.

“The pandemic is not making things easy,” he said of the prediction. “Even in the peacetime, we’d probably get to 100 million, not any more than that.”

Kulkarni says economic impacts focus not just on where a dollar is spent, but where it ends up. 

For example, if you spend a dollar at a Denver hotel, the hotel gives it to an employee, who might spend it at a Denver restaurant.