Assessing economic and fiscal impacts of sports complex in a small US county. Issue 3 (May 2021)

• Record Type: Journal Article
• Authors: Kim, Sungsoo
• Other Names: Nicolau Juan Luis guest-editor.
• Is Part Of: Tourism economics. Volume 27:Issue 3(2021)
• Page Start: 455
• Page End: 465
• Publication Date: 2021-05
• Subjects: economic impact -- Economic Modeling Specialist International (EMSI) -- fiscal impact -- regional economic model -- sports complex; Tourism -- Periodicals; 338.4791
• DOI: 10.1177/1354816619897151
• Languages: English
• ISSNs: 1354-8166

Abstract

Due to the high demand for various forms of sports tourism, destinations have used sports-related events to attract more tourists to boost the regional economy. This study examines economic impacts (EIs) and fiscal impacts of the sports complex in a small county, and further verifies that its economic and fiscal impacts are of significance. Depending on a low or high demand scenario, approximately US$10.5 or 15 million in revenue supported 703 or 919 jobs (direct) in the impact area, with value added US$12.6 or 18.1 million, respectively. More specifically, an additional 66 or 90 indirect and 53 or 76 induced jobs were created with an impact of US$3.4 or 4.8 million. In total, the sports complex can support substantial employment (822 or 1085 jobs) and EIs (US$42 or 61 million) annually for the impact area. Lastly, US$336, 000 or 443, 000 in fiscal impacts was also generated.