I took down my previous post on the economic impact study by a couple of Bradley professors because I unfairly portrayed them as being uncooperative and unwilling to back up their numbers. They have both contacted me and assured me that they will be happy to meet once they’re both in the country and can coordinate their schedules. My apologies to them for implying they were stonewalling me.
In the meantime, it appears I’m not the only one wondering how they came up with such impressive numbers in favor of the museum. (Last week, they held a press conference where they announced the museum and Cat visitor center would create 1,100 jobs during the two-year construction phase, 90 jobs per year after construction, and $572 million in economic growth over 20 years.) The chairman of the economics department at Knox College is skeptical of those numbers, too.
Richard Stout is the chairman of the economics department at Knox College in Galesburg. Though he hasn’t read the economic impact study, he said he has some questions about how the study drew some of its conclusions. He was skeptical about how the $572 million of economic growth over 20 years figure was calculated. For one thing, included in that figure is the $136 million cost of the project and estimated additional spending that would be created because of it.
“You can’t say the cost of construction is not a cost, that it’s an economic benefit. The cost of construction is a cost,” said Stout, who also questioned how the museum’s operating expenses through the years would also be tallied as an economic benefit to the region.
I also found this interesting. The Bradley professors told me that they weren’t “e-mailing out [their] spreadsheet work on Build the Block at this time.” But according to the Journal Star article, “The summary mentions a copy of the report will be filed with the Peoria County Clerk’s Office and available for sale. It has not yet been filed, according to Scott Sorrell, assistant to the county administrator.”
Once it’s filed with the County Clerk’s office, doesn’t it become a public document? How can it be available “for sale”? Couldn’t a person just FOIA it? Who would get the money from such a “sale”? If I write my own report on Build the Block, will Peoria County sell my report on consignment as well? Perhaps this was just a typo, and the “sale” referred to is simply photocopying charges, as allowed under the Freedom of Information Act.