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NBA NOT FANTASTIC TO BALTIMORE? STUDY REFUTES $$ BOOM

          A study by Univ. of MD-Baltimore County (UMBC)
     economist Dennis Coates shows that "bringing an NBA team to
     Baltimore would not only fail to create jobs, it would
     diminish the region's economy," according to Jon Morgan of
     the Baltimore SUN.  The study found that building a new
     arena and acquiring a team would lead to a "shift" in
     consumer spending that would "reduce" the personal income of
     every resident in the Baltimore metropolitan area by an
     average of $44 a year for the first ten years of the
     league's existence in the city.  Coates presented his
     findings to the UMBC Social Sciences Forum yesterday. 
     Coates' study "measured the economic performance" of 37
     metro areas in the U.S. between '69 and '94, using federal
     "personal income" statistics as a measuring stick.  But the
     results are "in stark contrast" to a study funded by
     supporters of a proposed new arena and conducted by
     PricewaterhouseCoopers that "estimates" the project would
     create 4,400 new jobs, and an arena and NBA team "would
     result in" $36M in new net spending (Balt. SUN, 9/28).

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