Matt Clark
Mrs. Straub
Economics
6 January 2015
Green Bay’s Economic Boost
The Green Bay Packers are one of the most storied franchises in all of major proffesional sports. A team that is located in the smallest city of any national football league team is oddly the most popular team in the NFL. With season ticket holders in 42 different states in the United States the Packers are loved around the country. The Packers are also the only team in the NFL and in all major sports that is owned my the fans. It gives the people of Green Bay a feeling that they are truly running one of the most storied teams in NFL history.
With this feeling of community in Green Bay, people come from around the country to see Lambeau Field. With all of this demand for a shot to watch the Packers the Green Bay economy gets a real boost during the season. The economic impact of Lambeau Field annually is 282 million dollars that goes right back into the city of Green Bay, along with 12.3 million dollars in revenue every Packers home game that is generated. With all of this revenue coming in Green Bay has become a destination for a lot of people when it comes to football season.
Another benefit that the Packers bring is jobs to the city of Green Bay, that has had its ups and downs with unemployment over the past couple decades. Fundraisers are in charge of a lot of the concession stands at Lambeau which can bring around $400,000 to those fundraisers. Another opportunity for jobs is when Lambeau Field gets a lot of snow the day before a game or the morning of they will pay citizens to come shovel the field.
Now that the Packers are in the playoffs the price of the tickets will increase, which will bring in even more money because Lambeau Field is sold out basically every game. The NFL has since made a rule that teams cannot structure their teams like the Packers because of the risk involved. But that structure has really boosted the Green Bay economy and has helped the Packers become one of America’s most storied franchises, and favorite teams. Without the Green Bay Packers, the city of Green Bay would not be the same and probably wouldn’t be doing as well because it really isn’t a destination for people without the Packers.
Breuer, Tom .“Left Business Brain”. IB In Business. Idmadison.com. 11 Jan 2013. Web 6 January, 2015.
The first paragraph is very interesting. I'm not big into football so I didn't know any of that. Good attention getter.
ReplyDeleteMatt, nice article. It's super timely considering theyre playing the cowboys at home this weekend in the playoffs. I was really surprised to read that the packers bring in 12.3 million dollars in revenue every single home game that they have. That's crazy! Even though i'm not necessarily a packers fans, I love that the team is owned by a ton of different people, and in my opinion. with that connect was one of the best things the city of Green Bay could have done for its economy.
ReplyDeleteI agree that the Packers are a huge part of Green Bay's economy. I wonder if the Bucks were set up this way too, where the fans own part of the franchise, if that would help with its popularity? Other professional sports franchise should look to what Green Bay has done because they have not only created a successfully popular NFL team but a network of people who love the team and a city can support the team as well.
ReplyDeleteThe Packers and the people in charge of the team have really made a lot of smart decisions when thinking about how to bring in the most money. Like you said, the fans own the team meaning they feel like they're in charge, leading to people buying shares. As well as being a popular team, the stadium itself is very popular and so people pay to visit to learn about the history of the team. All in all, Green Bay would not be what it is now without the Packers, they have helped the city by bringing in large amounts of money in a very smart way.
ReplyDeleteI find this very interesting, and even though the Packers give the city a boost in the season, I am sure they give them one as well outside the season with training camps, and the many tours the field holds. While I myself am not a Packers fan, I do have to admit that they are the most popular team in the NFL. I have been out of state many times and it is never hard to find a Packer's themed restaurant or sports bar. While the Cowboys have the richest franchise, I am surprised that the Packers aren't right up there next to them.
ReplyDeleteI love your topic you chose to write about, especially since I am a huge Packer fan and have been to many games. The stands are always filled entirely with very few seats left and with the cold weather, there are still Packer fans coming to these games to support and watch their favorite NFL team play. With the huge success they have had and the amount of people they bring to Lambeau Field, the amount of money they have earned doesn’t surpsie me. I think that is awesome that the Packers bring in 12.3 million dollars in revenue every single game they have at Lambeau and I think that the Packers are a huge part of Green Bay’s economy.
ReplyDeleteI'm not sure that I agree with the fact that the Green Bay Packers are the most popular team in the league but they do help boost the economy of Wisconsin. It's amazing how small of a city they can be located in and still have such an amazing history. The benefits that the city gains from having a NFL team like the packers must help them thrive. It is good to hear that the Packers do a lot to help out in the community and give some of the local citizens jobs. Overall this was a very nice article.
ReplyDeleteI find it interesting that there are season ticket holders in 42 states, which is pretty awesome. The Packer following is huge around the US, which really helps them to be a successful franchise. From what I remember I think a few years ago they sold more stocks in order to have an expansion to the stadium and it was very popular. There aren't many professional teams that are able to generate large amounts of interest in order to keep a NFL team going. The Packers really do help the Green Bay economy and has developed it to what it has become today. The Green Bay area probably wouldn't be the same without it. Overall great topic to think about.
ReplyDeleteA very interesting post, the most startling aspect of this is how important (economically speaking) the packers are to Green Bay. Being in the northeastern section of Wisconsin, there's not much to see up their (unless its the summertime). 282 million of dollars pumped into the Green Bay economy? That's a lot for a city of that size. With that said however, Are there any uses for that profited money in the city of Green Bay? Or is the money just kept in case of a financial crisis? Also, with ever increasing popularity, shouldn't the stadium plan on expanding some more soon? Though Lambeau Field did undergo some renovation recently, with the continuing visitation from people all over the country/world, shouldn't there be plans for another renovation soon?
ReplyDeleteI agree whole heartedly that the Packers bring a huge impact to the community around it but I also feel that there is a lot that can bring down the community too. With having such a close team there is a minimal tax that gets taken off in order to go to the packers from the residents that are around them. However there is also the publicity and the lack of money going into the houses around the stadium because most of the money for construction will go to the maintaining of that stadium rather than the rural area around it.
ReplyDeleteI agree that the packers are the most known team in the NFL. The packers have had some of the best history in the NFL. I think that the packers bring a lot of money into Wisconsin. I also think that its more than just the packers, I think that teams like, The Brewers and the Bucks bring in a lot of money. Wisconsin has three professional sports teams that really help with boosting our economy. I think the the town that is most effected by these sports Green Bay because it's not a very rich town. It;s only a popular town because of the packers. You go to Green Bay and you see a lot of things that have the packers logo on it because that's how some company's make all of there money. I think that for years to come the Packers and other sports teams will greatly impact the economy in Wisconsin.
ReplyDeleteClearly a ban on bacon is a major international event that needs to be discussed, so I admire your choice in topic. It is interesting to see that Putin responded to sanctions with more sanctions of his own that will hurt his own people even more. The marginal cost of of decreased food availability and angry citizens must not be enough to overturn the political power gained from these sanctions. I would ask, do you believe that a trade war could ensue between Russia and the rest of the world? It seems to me like this is another Cold War. Either way this is an interesting topic that has massive international ramifications.
ReplyDeleteBeing a football fan myself I found this piece very interesting. I guess I never really understood what money and popularity the Green Bay Packers bring to Green Bay. Coming from the state of Wisconsin, I never realized or ever thought to think that there was a possibility that people from other states could prefer the Packers to their home teams. 282 million dollars surrounding the Green Bay Packers is just astonishing to me. I think you did a really great job in this piece. Way to make Wisconsin economically proud!
ReplyDeleteI didn’t know that the Green BAy Packers were owned by the fans, and thats a really cool thing because it gives us as people control of something that normal that economy has a role in. The Packers bring in so much revenue for the economy, the team itself, and even the Green Bay residence, but what happens when the season is over? Does the economy settle back down, or does it even decline more than it was before? Another aspect to look at is that because this is a seasonal thing, what happens to the people that have jobs working at Lambeau Field? This is called seasonal unemployment, and can be harmful to the economy even. Overall, I understand what you are saying and it’s a great thing for the economy when in season. It is even a great thing for the people who surround the stadium with their homes, and don’t even go to the game(s). Great job Matt!
ReplyDeleteIt is no doubt that the Packers are by far one of the most popular teams in the NFL considering they have such a history. Like you said, they are located in a small town in Wisconsin, yet, so many people would kill for a chance to travel and watch a Packer game. Nearly every game is sold out because of traditions such as the Lambeau leap, playing in Lambeau Field where so much history has been made, cheeseheads, and having a team that consistently goes above and beyond each and every season. One of my "to-do's" is to see a game at Lambeau, and there's no doubt in my mind that there aren't a couple more million people out there that would like to do the same.
ReplyDeleteThis was a good topic to talk about since the Packers will be playing this weekend. I found it interesting that the money that comes into the Green Bay Packers actually goes back to the community. That's a very positive aspect about this team. Another good thing I found in this post was that Lambeau pays people in the community to shovel the snow. It brings a great sense of unity in Green Bay.
ReplyDeleteThis was a very intriguing post, especially when looking at the economic impact involved amongst not only the city of Green Bay but how that reflects Wisconsin as a whole. Specially looking at the money produced from this team, it is unbelievable to see the impact this NFL team has on the entire state, as they bring in as you said nearly 12.3 million dollars in revenue. What was most interesting that often time goes unsaid that you mentioned, is the amount of jobs that are created based upon the team itself, when looking at concessions and keeping up the fields, etc. Although the season only last for a certain period of time, fans are invested into this team year round, in which the economic value essentially last all year and continues its cycle. Great job!
ReplyDeleteThis is a very interesting topic to think about I would also like to see the amount of money that is made solely off of parking and restaurants in the area. The number of jobs that gamely brings to Green Bay is most likely outrageous ranging from concessions to secutiry and everything else that is needed to make everything run smoothly. My only other question regards the amount of damage that is caused and the cost to clean the city after each home game throughout the year. The last thing that I would like to comment on is the fact that Lambeau Field is not only a destination for football but throughout the summertime there are concerts as well so the reputation of the team and where they play attracts outside events during the offseason.
ReplyDeleteI never stopped to think what the team actually did for the city and the revenue it pumped into the economy as well. It was surprising when you said that green bay really wouldnt be all that notable if it werent for the green bay packers which I believe is true. For a single tem to bring in just over 12 million dollars in revenue is a greta thing to have in the economy as it benefits from it greatly.
ReplyDeleteI agree with all that was said. The packers are one of the most historical team in the NFL. No one has won more championships then the Packers. That makes people want to come and see Lambeau Field, and visit the great state of Wisconsin. It doesn’t surprise me that we have 42 different states that has a season ticket holder. People want to see the packers win. Were kind of that home town team, where you’re from, that always wants to see the Packers win. Which they do a lot of the time. All this bring in great revenue for the packers, helping the economy of Green Bay.
ReplyDeleteIt's interesting that the packers have that much interest in them across the country, that many people from many states are interested in coming to their games. I never thought about the money that the packers brought the city, of course they bring at least a bit of fame to Green Bay but the amount of money the fundraisers can be a lot. I'm not really interested in football much, but it was an interesting post to read
ReplyDeleteWow, I never knew that the Packers have season ticket holders from almost every state in the country. I can only imagine, with a franchise that big and popular, the mix of both positive and negative externalities experienced by residents of Green Bay. Of course, citizens are able to reap the benefits of such large revenue, but the tradeoff might be the extreme influx of people (and therefore traffic, rowdy fans, etc.) on game days. Although, I am sure that the majority of Green Bay residents are happy to be a part of such a city, fan base, and team.
ReplyDeleteBecause the Packers are not based in a large city, does that bring any economic downfalls? In your piece I would add some concessions. Maybe you could talk about how Green Bay does not have enough citizens to support the Packers, or how being a widely liked team combats this. I might also add something about how having a team owned by many in stocks is a bad thing, as when the team is doing bad the stocks will drop, just as a concession to your strong positive argument.
ReplyDeleteSince the Packers are one of the oldest and the smallest organizations in all of sports, I feel that brings a great appeal to those outside of the state. Because of this it is not very surprising that season ticket holders are found in 42 states.
ReplyDeleteI found it interesting that almost every state knows, hears, or has something to do with the Packers. I know that the Packers come from a small area, but have grown to become a well-known athletic team from Wisconsin. Even though they come from a small area, there are thousands of individuals who support and cheer for them; either wearing cheese-heads or jerseys. Yes, Wisconsin isn't the best place because of the economic issues and the loss of jobs everywhere, but that doesn't seem to effect anyone. With this situation, it can bring tradeoffs, and lots of revenue, and the stocks towards the Packer can be higher, especially with this last game they had and how many people thought we would win over the other team. I have learned from your paper that community members are able to earn some income with simply cleaning the stadium or so on. Overall, I enjoyed your paper.
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