World Series = big money for local economy

November 9, 2009 9:08:50 AM PST
The Phillies will be playing on their home turf again on Saturday and when they come back to town, New York's fans and their cash will follow.


In his 39 years as doorman at the Latham Hotel in Center City, Joe Broderick has seen everything except back to back World Series wins by his beloved hometown team. Needless to say, he's excited. And so are his bosses. Like many of Philadelphia's hotels, home to 10,400 rooms, The Latham is expecting a baseball boom, an uptick in business only the sport's biggest spectacle can create.

"We got a lot of last minute reservations from people coming in."

The Cavanaugh's Rittenhouse sports bar is bracing for big crowds too. And with playoff profits 6 times bigger than usual, they wouldn't mind seeing the World Series go a little longer

"Of course I want to see the Phillies win the World Series, but I wouldn't mind seeing that stretched out 6 or 7 games," said Bobby Gulinello of General Manager of Cavanaugh's Rittenhouse.

The World Series is expected to funnel some $25 million into the local economy, $3 million or more directly to the city in taxes. And with the Phillies facing the nearby New York Yankees:

"Those numbers will probably go even higher when you consider the proximity and the number of folks that will make the trip down."

But beyond all that extra cash, the series could bring some added cache too city leaders saying that with tens of millions of eyes focused on Philadelphia, it's a rare opportunity to sway how others see the city.

"When you get the beauty shots of the city, see the passion of our fans, see the gorgeous stadium and the city generally, all of that is really priceless."

Meaning, even the most loyal Phillies fan should roll out the red carpet for their rivals.



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