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0 COST / BENEFIT ANALYSIS DRAFT COPY
<br />Economic Impacts
<br />The exhibit below presents a summary of the annual, and 20-year cumulative total of projected economic impacts generated in
<br />Mounds View by the potential new Youth and Amateur Sports Complex. The economic impact estimates additionally assume:
<br />• Construction impacts occur during the construction period, prior to the first year of operation -these impacts are shown under
<br />the 20-year cumulative estimates.
<br />• In -facility impacts are driven by the gross spending occurring at the sports facility itself and represent a percentage of gross
<br />operating revenues that are estimated to be net new to Mounds View.
<br />• Out -of -facility impacts are generated across a variety of industries within Mounds View by athletes, families and sponsoring
<br />organizations that do not reside in Mounds View. Out -of -facility spending by residents who reside in Mounds View is not
<br />counted for this analysis, as such spending is assumed to represent displaced spending that would have otherwise occurred
<br />locally. Reductions have been made to account for certain spending (i.e., hotel) that is assumed to leak to areas outside of
<br />Mounds View.
<br />A) Construction Impacts
<br />Net New Hotel Room Nights
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Total Attendee Days
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Net New Non Local Visitor Days
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Direct Spending
<br />$0
<br />$0
<br />$0
<br />$0
<br />$4,972,500
<br />Indirect/Induced Spending
<br />$0
<br />$0
<br />$0
<br />$0
<br />$3,414,209
<br />Economic Output
<br />$0
<br />$0
<br />$0
<br />$0
<br />$8,386,709
<br />Personal Income
<br />$0
<br />$0
<br />$0
<br />$0
<br />$2,824,243
<br />Employment (full & part-timejobs)
<br />0
<br />0
<br />0
<br />0
<br />60
<br />B) In -Facility Impacts
<br />Net New Hotel Room Nights
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Total Attendee Days
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Net New Non Local Visitor Days
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Direct Spending
<br />$165,060
<br />$197,400
<br />$238,020
<br />$264,780
<br />$6,381,780
<br />Indirect/Induced Spending
<br />$113,572
<br />$135,880
<br />$163,824
<br />$182,254
<br />$4,392,605
<br />Economic Output
<br />$278,632
<br />$333,280
<br />$401,844
<br />$447,034
<br />$10,774,385
<br />Personal Income
<br />$117,001
<br />$139,577
<br />$168,402
<br />$187,259
<br />$4,514,158
<br />Employment (full & part-timejobs)
<br />4
<br />5
<br />5
<br />6
<br />147
<br />C) Out -of -Facility Impacts
<br />_
<br />Net New Hotel Room Nights
<br />1,040
<br />1,284
<br />1,467
<br />1,589
<br />30,797
<br />Total Attendee Days
<br />59,170
<br />72,234
<br />83,125
<br />90,322
<br />1,749,996
<br />Net New Non Local Visitor Days
<br />25,411
<br />31,393
<br />35,870
<br />38,832
<br />752,824
<br />Direct Spending
<br />$1,674,093
<br />$2,130,297
<br />$2,507,100
<br />$2,795,577
<br />$67,147,691
<br />Indirect/Induced Spending
<br />$1,148,028
<br />$1,460,875
<br />$1,719,272
<br />$1,917,098
<br />$46,047,278
<br />Economic Output
<br />$2,822,122
<br />$3,591,172
<br />$4,226,372
<br />$4,712,676
<br />$113,194,970
<br />Personal Income
<br />$1,160,142
<br />$1,476,289
<br />$1,737,412
<br />$1,937,326
<br />$46,533,143
<br />Employment (full & part-timejobs)
<br />37
<br />48
<br />56
<br />63
<br />1,503
<br />TOTAL NET NEW IMPACTS
<br />Net New Hotel Room Nights
<br />1,040
<br />1,284
<br />1,467
<br />1,589
<br />30,797
<br />Total Attendee Days
<br />59,170
<br />72,234
<br />83,125
<br />90,322
<br />1,749,996
<br />Net New Non Local Visitor Days
<br />25,411
<br />31,393
<br />35,870
<br />38,832
<br />752,824
<br />Direct Spending
<br />$1,839,153
<br />$2,327,697
<br />$2,745,120
<br />$3,060,357
<br />$78,501,971
<br />Indirect/Induced Spending
<br />$1,261,600
<br />$1,596,755
<br />$1,883,096
<br />$2,099,353
<br />$53,854,092
<br />Economic Output
<br />$3,100,754
<br />$3,924,452
<br />$4,628,215
<br />$5,159,710
<br />$132,356,063
<br />Personal Income
<br />$1,277,142
<br />$1,615,866
<br />$1,905,815
<br />$2,124,586
<br />$53,871,544
<br />Employment (full & part-timejobs)
<br />41
<br />52
<br />62
<br />69
<br />1,709
<br />CSL Feasibility Study of a Potential new Youth and Amateur Sports Complex in Mounds View, Minnesota 9 Page 61
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