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05/02/96 THU 10:14 FAX 612 738 1471 LAW OFFICE 2002 <br /> ECONOMIC IMPACT BY MINNESOTA SPORTS FEDERATION <br /> (MSF) HOSTING TOURNAMENTS AT A <br /> BASKETBALL/VOLLEYBALL SPORTS COMPLEX <br /> ilL. ..._ <br /> TYPE OF TOURNAMENT # OF TEAMS # OF PLAYERS TOTAL PARTICIPANTS <br /> 1 State 2 day Volleyball Tournament 100 8 per team 800 <br /> With an average of 4 fans per team these 100 teams will draw 400 spectators. Ninety of,the 100 <br /> teams are from out of town. These out of town spectators and participants total 1080. Multiply this <br /> by $65.00 per person expenditure per day = $70,200.00 per day. Multiply this by 1.5'1 = <br /> $105,300.00 Direct economic impact of one MSF tournament in St. Cloud. <br /> The direct economic impact is very significant and if we add the indirect and induced effect <br /> considering the multiplier effect of 1.7 dollar turnover, the local economy would benefit by • <br /> $179,010.00 from one MSF tgurnament in St Cloud <br /> While this is a very significant contribution to the local economy we have not measured the economic <br /> benefit of tournament officials, in town teams and their fans. This would greatly increase the real <br /> impact dollars of this tournament in your community. <br /> IIIAVERAGE PER DAY EXPENDITURE PER TEAM OF 8 PLAYERS . <br /> AND 4 SPECTATORS FOR OUT OF TOWN TEAM ONLY <br /> (For 12 People) (For 1 person only) <br /> 21 % Gas/Transportation Costs $163.80 $13.65 <br /> 33% Lodging $257.40 $21 .45 <br /> 25% Restaurants $195.00 $16.25 <br /> 5% Entertainment $39.00 $3.25 <br /> 6% Other Food/Snacks/Pop, etc. $46.80 $3.90 <br /> 10% Souvenirs/Gifts $78,00 $6.50 <br /> 100% $780.00 $65.00 <br /> • <br /> aiouI tournaments are forminimum of two days, but many players do not stay for two nights so we <br /> sed 50% of 2nd day costs for purposes of this-Eco, omic Impact study. <br /> fi .Z Based_o,i_1-98& data from Grand Island. NE, and to be <br />