Word: detroits
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Detroiters are optimistic that it's the beginning of a turnaround. "We think this will have a long-lasting effect for the city's economy," says Renee Monforton, communications director for the Detroit Metro Convention and Visitors Bureau. "The people who visit here will want to come back again, either as leisure tourists or for a meeting. And people watching on television will see Detroit as a viable place to live, work and visit...
...predicts an economic impact of about $15 million. "It's kind of silly to suggest that it is." Festive fans of North Carolina, the University of Connecticut, and Villanova University - the other three teams that made the Final Four - will likely have a nice time in spruced-up Detroit. But it's a stretch, Zimbalist says, to figure they'll suddenly think of Detroit as a repeat destination - and even more of a stretch to hope that television viewers will be impressed. "People aren't going to sit there and think, 'Oh my God, I'm going to Detroit...
...History would seem to side with the economists. In 2006, Detroit hosted the America's most gargantuan sports event, the Super Bowl, also at Ford Field. Fans gave the area a $274 million boost, according to one economic research firm. Over 90 million people watched the face-off between the Pittsburgh Steelers and Seattle Seahawks on television. Did the game lift Detroit long-term? Well, Detroit's unemployment rate is 13%, worst in the country among major metropolitan areas. The city's bonds have junk ratings. Because its school system has run up a $305 million deficit, the city...
...misconception is that every dollar a fan spends in a host city directly benefits the city. Some of the money coming into Detroit will leave it just as quickly. Take hotels, for example. The Marriott and Sheraton may be full, but a chunk of that revenue flows to corporate headquarters outside of the city. The same holds for national restaurant chains like McDonald's. And the NCAA takes about 65% of the revenues from game tickets...
...photos of Detroit's beautiful, horrible decline