NFL Lockout Could Help Oakland’s Bottom Line
SAN FRANCISCO (KCBS) – The Bay Area economic impact of the NFL lockout is a tale of two cities. San Francisco stands to lose millions of dollars, while Oakland could actually come out ahead.
KCBS’ Doug Sovern Reports:
The San Francisco Recreation and Park Department counts on 49er games at Candlestick Park to bring in between $4 million and $5 million each year. If the NFL lockout cancels games, it could knock the department for a major loss, according to General Manager Phil Ginsburg.
“It’s possible that the strike won’t result in any lost games, or it could be one game, or two games,” said Ginsburg. “We’re obviously paying close attention to it, and we’re working within the city family to make sure that there is no hit to direct services in the Recreation and Parks Department.
Ginsburg said the net loss would probably not exceed $3 million because the city would save money on maintenance and cleanup.
In Oakland, Raiders games actually cost the city more money than they take in because the Raiders’ stadium rent doesn’t come close to covering all the other costs borne by Oakland.
Oakland spends about $5 million a year hosting Raiders games, and only gets about $500,000 back from the team in rent. This means that not having to open the black hole that is the stadium could help put Oakland in the black.
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