The loss of the home game does hurt the Athens Business community, though. If I recall, Alan Swank estimated that a Saturday home game was worth about $4-500k to Athens.
I'm not buying that figure.
I was wondering how much you think it’s worth.
I think I could see $200-250k pretty easily, not sure about higher, but I wouldn’t be surprised either. This should be relatively easy to estimate based on sales and lodging tax(if they have one) receipts.
Do we really get that many fans that come and stay in hotels (excluding homecoming)? Maybe I am uninformed, just doesn't feel like it. Sure some people go out for dinner or get gas in town as part of their trek to the game, but you have to consider how many locals would've done that eventually game or not.
Furthermore the accountant in me would argue revenue does not mean worth. If a guy fills up his tank for $30 on his way to the game, that did not bring $30 to the local economy. It brought $30 less the $25 it cost the gas station to get the gas.
A half mil would be about $25 spent outside the stadium/parking lot for every man, woman & child. Just speaking for my family of 5, the most Athens gets out of us in our game day visits is about a $30 bill at Larrys Dawg House or something of the like. I know the bars get some visitors and the book store sells some gear and such...I just don't see it adding up to any more than about 100-150k of bottom line worth.
Again, excluding homecoming.