Stephen P. Mullin cited in the May issue of The Market Street.
“Winning teams don’t just make cities money, they make cities. No one knows this better than Stephen P. Mullin, an adjunct economics professor at LeBow who has served as the budget director for the city of St. Louis and as Philadelphia’s director of finance. Mullin saw firsthand what happened when the football Cardinals left for Phoenix in 1988 (“they made Phoenix”), and he watched the spoils roll in when the baseball Cardinals secured three World Series berths in a six-year span.
‘When I walk into any venue for a sports event, the first thing I do is make a rough estimate of the city’s take in terms of license fees, taxes and ticket prices,” he says. “Then I root for the home team.'”
via Win One.