Economists stand by museum study

From the Peoria Journal Star:

Two Bradley University economics professors on Friday defended their economic impact study of the proposed Peoria Riverfront Museum and Caterpillar visitors center.

The study was criticized by fellow economists Thursday.

“After we looked at what they wrote about our study, we don’t see anything that would fundamentally change what we see as a wonderful opportunity for the community to build the museum on the Downtown block,” said Robert Scott, the chairman of the university’s economics department.

Said Joshua Lewer, the co-author of the study:

“We certainly stand by our work.”

On Thursday, the museum opposition group Citizens for Responsible Spending released two separate analyses of the Scott-Lewer study, one by Knox College economist Richard Stout, the other by the team of Lon Carlson and Frank Beck of Illinois State University.