Impact on the local economy by the upcoming NY/NJ Superbowl

IMPACT ON THE LOCAL ECONOMY BY THE UPCOMING NY/NJ SUPER BOWL SUPER B OWL XLVII Super Bowl XLVIII will be the 48th edition of the Super Bowl and the 44th annual championship game of the modern-era National Football League (NFL). It is scheduled to be held on February 2, 2014 at MetLife Stadium at the Meadowlands Sports Complex in East Rutherford, New Jersey, to determine the champion for the 2013 season. ADVERTISING uS$4 million uS$4 million per 30 sec Fox has set the ad rate for a 30-second advertisement at US$4 million, matching the price set by CBS for the previous year's Super Bowl XLVII. Fox began selling advertising for the per 30 sec FOX game in May 2013. CBS 2013 2014 IMPACT ON ECONOMY Organizers expect the 2014 Super Bowl to generate approximately $550 million for the local economy. GIANTS AND JETS SHARE While there will be no direct financial benefit to the two local teams, the Super Bowl will help the Giants and Jets sell the naming rights to the stadium. That could be worth an estimated $500 million. The Giants and Jets will split 6.2 % of the overall ticket allotment. 92 6.2% 6.2%) 6.2 JETS CIANTS HOMETOWN FANS Because two teams are hosting, more hometown fans than usual will be left in the cold. GANTS Typically, the host city gets 5 percent. JETS MAHWAH CHAMBER ALREADY PREPPING FOR SUPER BOWL 2014 MAHWAH On January 22, 2014 -the Chamber will host the Super Community Spirit Showcase, a Super Bowl Host Committee-sanctioned event that organizers say will promote the Super Bowl's spirit of teamwork while celebrating area non-profit organizations. REGIONAL Chamber of Commerce CALL TO ACTION TO SPREAD ECONOMIC BENEFITS ACROSS ENTIRE STATE Nine months before kickoff at Super Bowl XLVIII, tourism and state officials have called on municipalities, businesses and other local entities to develop partnerships and capitalize on the economic opportunities provided by the game and its related activities. Tourism leaders in New York and New Jersey are hoping thousands of football fans flock to the region in the dead of winter wearing overcoats with deep pockets. SUPER BOWL WILL HELP TURN THE PAGE FROM HURRICANE SANDY SANDY 88 New Jersey Gov. Chris Christie a Dallas Cowboys fan hopes 2014 Super Bowl will help 'turn the page' from Hurricane Sandy by helping to stimulate and showcase recovery of areas from the aftermath of Hurricane Sandy. SOURCES: http://enwikipedia,org/wiki/Super_BOWXLVII http://sports.espngo.com/new-york/nfVnews/story?id-5219486 http://mahwah.patchcom/groups/business-news/p/mahwah-chamber-ateady-prepping-for-super-bowl-2014 http://www.nj.com/somerset/index,ssf/2013/05/super_bowLofficials_issue_cal.html http://www.silive.com/sports/index,ssf/2010/05/super_bow_xlviiLcould_have_hhtml http://www.nj.com/superbowl/index.ssf/2013/02/gov_chris_christie_hopes_2014_super_bowL_willLhelp_tum_the_page_from_hurricane_sandy.html http://www.cbssports.com/nfl/eye-on-football/23540922/nj-gov-chris-christie-has-been-cowboys-fan-since-1971 NewJersey .COM Find the Best Things to do in NJ w w w.funne wjersey.com