Economist: New CSU stadium could lose millions

By: AP
By: AP
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A sports economist is disputing how much revenue a proposed new on-campus football stadium at Colorado State University might generate.

Temple University professor Joel Maxcy was hired by opponents of a new stadium to analyze projections in an advisory committee's feasibility study, which found the new stadium could generate $173 million to $437 million in revenues.

The Coloradoan reports ( ) that Maxcy contends the study was overly optimistic about game attendance, sales of luxury seats and donations. He estimates that under the best possible conditions, the proposed $246 million stadium wouldn't generate that much revenue -- but could lose up to $218 million in 30 years under the most pessimistic conditions.

CSU President Tony Frank has said he'll decide whether to proceed with a new stadium by early next week.

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