The Golden Promise

Most sports economists dismiss the idea that new stadiums boost local economies, but there are reasons to think the Golden 1 Center could be different

When Oleg Kaganovich was growing up in Michigan in the 1980s and early ’90s, his city of Grand Rapids was suffering the doughnut effect then typical of downtowns everywhere: Shoppers and residents were fleeing for the suburbs. By 1990, fewer than one in 10 residents shopped regularly downtown, a drop from about one in three in the early 1960s, according to a local newspaper.

Sep 6, 2016 Steven Yoder