Dr. Richard Vedder
The Bond Buyer quotes Dr. Richard Vedder, Distinguished Professor Emeritus of Economics at Ohio University, in a story headlined “Empty feeling at college football stadiums after bond boom.”
“We practically have to kidnap kids off the street to get them to the game,” joked Ohio University economics professor Richard Vedder, who calls himself “bearish on stadium bonds.”
Vedder said that lesser known conferences like the Mid-American Conference that Ohio University competes in are squandering fortunes trying to keep up with the big boys like Michigan and Ohio State in the Big Ten.
“They have these wildly optimistic beliefs that if we build a new stadium it’s going to revitalize our athletic program or that we’re going to move to the next level. Well, they haven’t moved anywhere. In fact, they’re moving down,” Vedder said.
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