SPORTS ECONOMICS – My last three columns have criticized the economic studies that are prepared while cities are committing themselves to pursuing mega-events such as the Super Bowl, World Cup, and the Olympic Games.

This was not to discourage Los Angeles from bidding to host these events, but rather to underscore the importance of doing so with its eyes wide open,

Article source: http://www.citywatchla.com/lead-stories/2512-dont-let-sports-fantasies-bankrupt-la