Dennis Coates, Economics, on Press Box Online and SB Nation

As Baltimore anticipates the start of the 2013 Grand Prix, a well-known 2011 economic impact analysis by UMBC economics professor Dennis Coates is again making news. The Press Box Online article “What Is Best Way To Measure Grand Prix’s Economic Impact?” notes that race organizers believe the 2012 Grand Prix generated $42.3 million in economic impact for Baltimore and the 2011 event generated $48 million. Coates, however, contested the 2011 figure in a assessment following that year’s Grand Prix, which indicated the impact was approximately $20 million less than the race organizers claimed. The article notes, “Coates’ argument centered on … Continue reading Dennis Coates, Economics, on Press Box Online and SB Nation

Dennis Coates, Economics, in the Baltimore Sun and Wall Street Journal

Towson University’s new Tiger Arena opens tonight. The arena cost $70 million, funded through $20 million in Towson’s reserve funds, combined with bonds paid back through a student fee set aside for construction projects. UMBC economics professor Dennis Coates told the Baltimore Sun that although new arenas generally succeed in increasing the owner’s ability to generate revenue, whether that benefits those who pay for construction is less clear. “It creates a nice buzz,” said Coates, “but otherwise, the impact is spread out.” Coates also commented in a recent Wall Street Journal article on how Brooklyn’s Barclays Center impacts local retailers, … Continue reading Dennis Coates, Economics, in the Baltimore Sun and Wall Street Journal

Scott Farrow, Economics, Publishes “Principles and Standards for Benefit-Cost Analysis”

Economics professor Scott Farrow is co-author and co-editor, with Richard Zerbe, Jr., of the new book, Principles and Standards for Benefit-Cost Analysis (Edward Elgar Publishing 2013). The book website notes: Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice. Reviewer John D. Graham of Indiana University writes, “This book is a superb textbook treatment of benefit-cost … Continue reading Scott Farrow, Economics, Publishes “Principles and Standards for Benefit-Cost Analysis”

Dennis Coates, Economics, on NBC Chicago

NBC Chicago’s politics blog “The Ward Room” recently posted an opinion piece affirming Mayor Rahm Emanuel’s decision to refuse to provide public money for a $500 million renovation of Wrigley Field. The writer, Edward McClelland, cited research by UMBC economics professor Dennis Coates that found pro sports reduce a city’s per capita income by putting entertainment dollars into the hands of athletes and team owners who live outside the area rather than local businesses around the stadium. Coates wrote, “money paid to players does not circulate as widely or abundantly as it would were it paid to people with less … Continue reading Dennis Coates, Economics, on NBC Chicago

Dennis Coates, Economics, in the Tampa Bay Times

“How much do the Tampa Bay Rays boost their local economy?” asks the Tampa Bay Times. In arguments for building a new stadium, St. Petersburg mayor Bill Foster estimates the team’s local economic impact at $100 million a year, but experts, including UMBC economics professor Dennis Coates, question the assumption that stadiums have a notable economic benefit to their home cities. Coates explains that when a couple spends $100 for dinner and a movie, much of that money goes to waiters, ticket takers and other local workers and suppliers, who in turn spend their paychecks on rent and food, creating … Continue reading Dennis Coates, Economics, in the Tampa Bay Times

T.H. Gindling, Economics, and Marvin Mandell, Public Policy, in Governing Magazine

A new Governing magazine article examines a recent study by UMBC professors T.H. Gindling (economics) and Marvin Mandell (public policy) on the economic impact of Maryland’s Dream Act, which extended in-county/in-state tuition at local community colleges and public universities to undocumented immigrants who graduate from Maryland high schools and meet other requirements. The article notes that 13 states have similar “tuition equity” laws in place and more than a dozen additional states are considering proposals for them. “As state lawmakers think about offering in-state tuition to undocumented immigrants,” suggests J.B. Wogan, “the UMBC study could offer a model for weighing … Continue reading T.H. Gindling, Economics, and Marvin Mandell, Public Policy, in Governing Magazine

Dennis Coates, Economics, in the Baltimore Sun

Following the Ravens’ Super Bowl win, the team will increase ticket prices at M&T Bank Stadium, reports the Baltimore Sun. Season ticket holders will see an average price increase of 10%, plus a $5 parking rate increase. UMBC sports economist Dennis Coates notes, “In the grand scheme of ticket price changes, I’m not sure that a 10 percent is particularly a big one. But it doesn’t make it any easier for the average fan to pay an extra 10 percent. We’re still in a relatively sluggish economy and there are a lot of people whose income hasn’t changed a whole … Continue reading Dennis Coates, Economics, in the Baltimore Sun

Dennis Coates, Economics, in Bloomberg Businessweek

A new Bloomberg Businessweek article sheds light on tax subsidies that benefit college athletic programs, including hundreds of millions in funding for stadium construction and sports departments’ exemptions from taxes on ticket, television and other income generated by their stadiums. UMBC’s Dennis Coates, professor of economics, argues that college sports may not be the best use of tax exemptions. “When one thinks of charity, they don’t think of charity flowing to the head football coach of a big state university.” Questioning municipal  financing for stadiums Coates notes, “Using the borrowing power of the state and tax-exempt interest to build stadiums … Continue reading Dennis Coates, Economics, in Bloomberg Businessweek

Dennis Coates, Economics, on Sports On Earth and in the Baltimore Sun

A new Sports On Earth commentary by Patrick Hruby quotes UMBC professor Dennis Coates, economics, in arguing that eliminating “sports welfare” among college and professional sports teams and owners would provide an “easy, overdue fix to the nation’s fiscal woes.” Coates believes more money would be available to indebted cities with professional  teams and stadiums if athletes kept their money in the communities where they play, instead of the southern California or south Florida areas where they often live. “If that same money was spent on a movie, dinner, bowling, the theater, a locally-owned bar, tips for bartenders and waitresses, all … Continue reading Dennis Coates, Economics, on Sports On Earth and in the Baltimore Sun

Social Science Faculty Gindling, Mandell, Norris and Hussey in Post-Election News

In the wake of Maryland’s vote for Question 4, UMBC professors T.H. Gindling (economics) and Marvin Mandell (public policy) recently discussed their study, “Private and Government Fiscal Costs and Benefits of the Maryland Dream Act” on NBC Washington news. Their interview highlights the net positive economic impact that each incoming class of undocumented students would have, due to factors such as decreased incarceration rates (and thus lower incarceration costs) for college versus high school graduates. Donald F. Norris, professor and chairman of UMBC’s Department of Public Policy, commented on Maryland’s passage of both Question 6 (approving same-sex marriage rights) and Question … Continue reading Social Science Faculty Gindling, Mandell, Norris and Hussey in Post-Election News

UMBC Study on Economic Impact of Dream Act in National Press Following Vote

On Tuesday, Nov. 6, Marylanders voted to extend in-county/in-state tuition at local community colleges and public universities to undocumented immigrants who graduate from Maryland high schools and meet other requirements. Press following the 59% to 41% Maryland Dream Act victory have cited a recent study on the Dream Act’s economic impacts by UMBC’s T.H. Gindling (economics) and Marvin Mandell (public policy). Their study concludes, “the Dream Act would generate $66 million in economic activity for each incoming new class of undocumented students.” See the website of UMBC’s Maryland Institute for Policy Analysis and Research (MIPAR) for the original working paper: … Continue reading UMBC Study on Economic Impact of Dream Act in National Press Following Vote

UMBC Study on Economic Impact of Dream Act in TIME

Maryland voters will soon decide whether to allow undocumented immigrants who graduate from Maryland high schools and meet other requirements to pay in-county/in-state tuition at local community colleges and public universities. A recent study on the Dream Act’s economic impacts by UMBC professors T.H. Gindling (economics) and Marvin Mandell (public policy) has received significant media attention and today appeared on TIME magazine‘s online coverage of the referendum. TIME notes that Gindling and Mandell’s study concludes, “the Dream Act would generate $66 million in economic activity for each incoming new class of undocumented students.” See the website of UMBC’s Maryland Institute … Continue reading UMBC Study on Economic Impact of Dream Act in TIME

School Board Candidate David Murray ’14, Economics, in the Gazette

Today’s Gazette highlights the Prince George’s County Board of Education race between District 1 candidates David H. Murray ’14, economics, and Zabrina Epps, CCBC academic adviser. Murray told the Gazette, “One of most important things we have to do is try to recruit the most effective teachers we can.” He supports an external audit on the school system’s operating budget, to redirect funds toward increasing teacher pay. As one of three candidates in Prince George’s County who are currently university students, Murray argues that his age and familiarity with the school system as an alumnus afford him an important perspective … Continue reading School Board Candidate David Murray ’14, Economics, in the Gazette

UMBC Study on Economic Impact of Dream Act in Washington Post, Baltimore Sun, WYPR

In one month Maryland voters will decide whether to allow undocumented immigrants who graduate from Maryland high schools and meet other requirements to pay in-county/in-state tuition at local community colleges and public universities. Until now, voters had little information to go on about the Dream Act’s likely effects, but a new report from UMBC professors T.H. Gindling (economics) and Marvin Mandell (public policy) offers hard data on its economic impacts. “Private and Government Fiscal Costs and Benefits of the Maryland Dream Act” is a working paper funded by the Maryland Institute for Policy Analysis and Research (MIPAR) at UMBC. The … Continue reading UMBC Study on Economic Impact of Dream Act in Washington Post, Baltimore Sun, WYPR

David Murray, Student and Candidate, in Explore Howard

David H. Murray ’14, economics, is hard at work campaigning for a seat on the Prince George’s County Board of Education, reports The Baltimore Sun‘s Explore Howard, and his chances look good. Murray is speaking with as many voters as he can before the election, commenting, “Any time I’m not in school, I’m rushing back here to talk to people.” Next week he will participate in a forum sponsored by the Prince George’s County branches of the League of Women Voters and NAACP, alongside candidate Zabrina Epps. Murray was the front-runner in the April 2012 primary, garnering 56% of the … Continue reading David Murray, Student and Candidate, in Explore Howard

Dennis Coates, Economics, in the Baltimore Sun

According to today’s Baltimore Sun, a spokesperson the mayor’s office has stated that Baltimore will not commission an economic impact study of this year’s Grand Prix. The official, Ryan O’Doherty, noted that a 2011 study of the race “confirmed what we know is an undisputed fact and that is the event has a significant positive economic impact,” but not everyone is convinced, including UMBC economics professor Dennis Coates. Coates conducted an economic impact study on the 2011 Grand Prix, based on surveys of race-goers, that showed less positive figures than reported by the mayor’s office. Responding to O’Doherty’s statement Coates remarked, “They … Continue reading Dennis Coates, Economics, in the Baltimore Sun

Edward Burroughs III ’15, and David Murray ’14, in The Washington Post

UMBC students Edward Burroughs III ’15, education policy and political science, and David Murray ’14, economics, were featured this week in a Washington Post article: “Three college students running for school board in Prince George’s County.” The piece focuses on Burroughs, Murray and College Park student Raahela Ahmed as they prepare for the November election. Of the three, Burroughs is the only incumbent, having become Maryland’s youngest elected official in 2010. Regarding his candidacy, Burroughs commented, “I love this county and I truly believe our school system can do better and must be better.” Murray spoke of the role his UMBC … Continue reading Edward Burroughs III ’15, and David Murray ’14, in The Washington Post

Bryan Kelly ’92, Economics, Wins Re-Election to Harford CC Board of Trustees

Alumnus Bryan Kelly ’92, economics, won reelection as Chair of the Harford Community College Board of Trustees, according to local news website The Dagger. Kelly, who is also managing partner and owner of The Kelly Group, has served on the board since 2005 and is also co-chair of the Board of Directors of the UMBC Economics Visitors Council. Other current positions include President of the Maryland Association of Community Colleges; the chairman of the board of the Academy of Finance, Harford County Public Schools; and membership of the Harford Leadership Academy Alumni Association at Harford Community College. He was named the 2007 UMBC Economics Alumnus … Continue reading Bryan Kelly ’92, Economics, Wins Re-Election to Harford CC Board of Trustees

Public Higher Education Tuition and Enrollment: Lecture by Dave Marcotte (2/10)

Dave Marcotte, UMBC public policy professor and graduate program director, will present the inaugural lecture in this semester’s Research Seminar Seminar Series in Public Policy and Economics this Friday, February 10, at noon in PUP 438. Marcotte’s talk is titled “Public Higher Education Tuition and Enrollment.” His writing on higher education, school closings and test scores has appeared in both academic journals and popular press, such as  the Washington Post, Christian Science Monitor, Wall Street Journal, Baltimore Sun, Education Week and Inside Higher Education. Additional series speakers this semester include Tara Watson, Williams College (3/9), Tom Vicino, Northeastern University (3/30); … Continue reading Public Higher Education Tuition and Enrollment: Lecture by Dave Marcotte (2/10)

Dennis Coates, Economics, in the News

The economic impact of the 2011 Baltimore Grand Prix was “vastly smaller than the projections by the events promoter,” UMBC economics professor Dennis Coates asserts in a newly released study (pdf), coauthoed with Michael Friedman of the University of Maryland. They estimate attendee spending as closer to $25 million than the anticipated $70 million and argue, “The bottom line is that the Baltimore Grand Prix was not a game changing event.” After appearing on the front page of the Baltimore Sun and in the Baltimore Business Journal, the story was picked up by AP and printed in the Washington Post. … Continue reading Dennis Coates, Economics, in the News

Dennis Coates, Economics, in AP

Councilman William Cole argues that the Grand Prix will change how people view Baltimore and Tom Noonan, president and CEO of Visit Baltimore, hopes it will draw 100,000 visitors to the city, but Dennis Coates, professor of economics, suggests the economic benefits of the event are far from certain. “If you think the goal of government is to convince people that they live in a quote-unquote world-class city—whatever that means—then it will probably be a success,” he told the AP. “Will people have a good time? No doubt about it. But in terms of actually creating jobs, creating a better … Continue reading Dennis Coates, Economics, in AP