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HOUSTON, PART III: NASHVILLE SAYS OILERS ARE WORTH IT
Published October 23, 1995
Nashville Metro Finance Dir Joe Huddleston answered "absolutely" to the question of whether the Oilers are worth a $292.2M investment. Huddleston released a study by KPMG Peat Marwick that shows an NFL team would generate $8M in taxes annually, $65.4M in spending and add 1,350 full-time jobs. Huddleston: "People should use their common sense and look at those cities that have added pro sports. I challenge anyone who does that to say there was no economic benefit." But two economists were skeptical on the direct economic benefits. Both Vanderbilt's John Siegfried and Smith's Andrew Zimbalist said any multiplier effect is less with pro teams than other businesses (TENNESSEAN, 10/21).