Local economic benefit of NFL stadiums 'vastly overblown'

Local economic benefit of NFL stadiums 'vastly overblown':
"Perhaps you saw the many mocking social media posts last weekend pointing out the rows and rows of empty seats at the LA Rams and LA Chargers games in Week 2 of the NFL season.
Both teams are playing in temporary homes — the Rams in LA Coliseum, a college stadium, and the Chargers in StubHub Center in Carson, Calif., a soccer stadium — until they move into LA Stadium at Hollywood Park, projected to open up in 2020 and cost $2.6 billion.
...The reasonable conclusion from the low turnout might be that LA doesn’t have enough NFL fans to support two new teams.
And that, in turn, may look like a reminder of how outrageous the trend is of teams relocating and building $2 billion-plus stadiums, and, often, obtaining public money to help build them.
...Cities want a new NFL team even though the popular claim teams make when they relocate — that the team and stadium will have a positive economic impact on the local economy — is usually “vastly overblown,” Zimbalist says.
That’s because the majority of the money that gets spent at and around the stadium is spent by local residents who would be spending their money in the area anyway..."