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Estimating the Contribution of a Multi-Purpose Event Facility to the Area Economy

Author

Listed:
  • Nancy M. Hodur

    (Research Scientist, Department of Agribusiness and Applied Economics, North Dakota State University, Fargo, ND 58105, USA)

  • Dean A. Bangsund

    (Research Scientist, Department of Agribusiness and Applied Economics, North Dakota State University, Fargo, ND 58105, USA)

  • F. Larry Leistritz

    (Professor, Department of Agribusiness and Applied Economics, North Dakota State University, Fargo, ND 58105, USA)

  • John Kaatz

    (Partner, CSL International, Minneapolis, MN, USA)

Abstract

While the economic impacts of professional sports events and entertainment facilities in major metropolitan areas have been the subject of numerous studies, sports and entertainment facilities in smaller cities have received less attention. This study addresses the economic impact of a multi-purpose sports and auditorium facility located in a small metropolitan area. Intercept surveys at eleven representative events provided information on attendees' expenditures and residence and on the role of the event in motivating visits to the area. Data on attendee expenditures, together with facility operation and vendor outlays, were applied to an input–output model to estimate secondary impacts. The results indicate that the events hosted at the facility varied substantially in their potential to draw attendees from outside the local area and that attendees' expenditure patterns also varied by event type. The overall economic impact of the facility was substantial.

Suggested Citation

  • Nancy M. Hodur & Dean A. Bangsund & F. Larry Leistritz & John Kaatz, 2006. "Estimating the Contribution of a Multi-Purpose Event Facility to the Area Economy," Tourism Economics, , vol. 12(2), pages 303-316, June.
    • Handle: RePEc:sae:toueco:v:12:y:2006:i:2:p:303-316
    DOI: 10.5367/000000006777637449
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    References listed on IDEAS

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    1. Ricardo Gazel & R. Schwer, 1997. "Beyond Rock and Roll: The Economic Impact of the Grateful Dead on a Local Economy," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(1), pages 41-55, March.
    2. Scott Loveridge, 2004. "A Typology and Assessment of Multi-sector Regional Economic Impact Models," Regional Studies, Taylor & Francis Journals, vol. 38(3), pages 305-317.
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    1. Leistritz, F. Larry & Bangsund, Dean A., 2010. "Economic Impact of Sitting Bull College on the Regional Economy," Staff Papers 120311, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Leistritz, F. Larry & Bangsund, Dean A., 2010. "Economic Impact of Sisseton-Wahpeton College on the Regional Economy," Staff Papers 120312, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. João-Pedro Ferreira & Bijeta Bijen Saha & Gabriel Cardoso Carrero & Jinwon Kim & Christa Court, 2023. "Impacts of red tide in peer-to-peer accommodations: A multi-regional input-output model," Tourism Economics, , vol. 29(3), pages 812-834, May.
    4. Polo, Clemente & Valle, Elisabeth, 2011. "The Weight of Tourism in the Balearic Islands: 1983-1997-2004/El peso del turismo en las Islas Baleares: 1983-1997-2004," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 29, pages 737-754, Diciembre.
    5. João-Pedro Ferreira & Pedro N Ramos & Michael L Lahr, 2020. "The rise of the sharing economy: Guesthouse boom and the crowding-out effects of tourism in Lisbon," Tourism Economics, , vol. 26(3), pages 389-403, May.
    6. Joshua Martin & Joshua Hall, 2020. "The Impact of the New York City Marathon on Hotel Demand," Economies, MDPI, vol. 8(4), pages 1-10, October.

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