Was Super Bowl 60 an economic boon for the Bay Area?

"This is the time to make money," said bar owner Jasbir Singh, who saw business jump 250% above normal last weekend."

""We've done about $500 million of economic impact in the Bay Area," Jed York, principal owner of the Super Bowl host team San Francisco 49ers, said last week."

""Over 100,000 room nights, countless events in the communities - we've donated close to $10 million back in the community just this week, and that's a part of the lasting impact.""

""I just find them almost a joke because they're so non-serious," he said."

Super Bowl 60 at Levi's Stadium in Santa Clara drew large crowds and significantly increased consumer activity across the Bay Area. Hotels, restaurants, bars, and retailers saw heightened demand, with some businesses reporting spikes such as a 250% increase at a downtown San Jose pub. A Bay Area Host Committee-commissioned Boston Consulting Group report projected $370 million to $630 million in regional economic boost and $16 million in tax revenue. Jed York cited roughly $500 million in impact, over 100,000 room nights and nearly $10 million in community donations. Economists warned such figures may be inflated and may not account for revenue leaving the region or other negative effects.

Read at The Mercury News