Jewish World Review April 4, 2003 / 1 Nisan, 5763
Will sports industry suffer now that states are prioritizing funding?
Americans have, rightfully, been riveted to the war in Iraq,
but Americans also need to pay attention to the economy and
cost cutting measures that states are undertaking.
The Kentucky Derby is that state's crown jewel. But this year's
event will not be as glitzy because Kentucky doesn't have the
money to spend on every frill imaginable.
As part of the state's
cost cutting, Kentucky governor Paul Patton has eliminated
the traditional Derby eve gala in the state capital in Frankfort
and will instead host the state's tourism development and
economic development cabinets get together at the executive
The state is not printing invitations for a Frankfort
official breakfast on the day of the Derby. Other Derby related
activities will go on as scheduled in Frankfort but the state is
attempting to minimize the cost of the festivities.
Kentucky isn't alone in having financial difficulties.
There are 44
states cutting back and that's not good for the sports industry,
which depends mightily on its government partnerships.
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JWR contributor Evan Weiner is a radio commentator on "The Business
of Sports" for Westwood One's Metro Networks. He is being presented with the United States Sports Academy's Distinguished Service Award for 2003. Comment on this column by clicking here.
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© 2003, Evan Weiner