Finance expert says economic case for new stadium ‘open to challenge’

Estimates of how much cash a new stadium in Kingsford would bring into the city are too optimistic, an economics expert has argued.

Mark Kummerer, of MKA Economics, was asked by the No Kingsford Group to study Aberdeen FC’s report on the economic impact of the application. He was among the speakers at yesterday’s pre-determination hearing.

Mr Kummerer said the club’s assumption that the stadium would bring in up to £9 million into the local economy a year was based on seven extra annual events, such as European matches or music concerts.

He said: “The economic case is open to challenge. (These events) which play a crucial part in justifying the economic benefit, are aspirational and cannot be relied upon.”

And Mr Kummerer called the club’s assessment “flawed”.

He added: “The proposed relocation will have an adverse impact on the city centre.”

Mr Kummerer said city centre firms would lose a total of up to £2m a year if the Dons moved to Kingsford.

Breaking

    Cancel