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Presentation of Economic & Fiscal Impacts Proposed NFL Stadium

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Era economic and fiscal impacts power point presentation

Presentation of

Economic & Fiscal

Impacts

Proposed NFL Stadium

August 13, 2004

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Since 1958

Since 1958….

Economics Research Associates

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Our history

Our History

Founded

in1958

Economic

Planning

for

Disney World

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Our history1

Our History

Since

1958

Over

15,000

Assignments

Completed

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


International reach personal service

International Reach, Personal Service

New York

San Francisco

London

Washington, DC

Los Angeles

Chicago

San Diego

www.econres.com

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Our services

Our Services

Economic

Impact

Market

Research

Feasibility

Analysis

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Our core competencies

Our Core Competencies

  • Economic Policy and Planning

  • Recreation and Tourism

  • Real Estate Services

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Our expertise

Our Expertise

Theme Parks

Retail Entertainment

Cultural Attractions

Specialty Attractions

Resorts

Tourism Strategies

Film Studios

Sports Venues

Sports Venues

Visitor Centers

Events

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Local experience

Local Experience

- City of Arlington - Lakes of Arlington

- Los Colinas Land Valuation

- City of Seabrook

- University of Texas

- Hampstead Group

- United Commercial Properties

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Key experience economic fiscal

Key Experience - Economic & Fiscal

- City of New York (arena/stadium)

- San Francisco Giants

- Portland Oregon Sports Authority

- Staples Center

- Pittsburgh Penguins (arena)

- 2002 Winter Olympics

- University of Southern California

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Scope of services

Scope of Services

Proposed Arlington Football Stadium

  • Economic Impact Analysis

  • Fiscal Impact Analysis

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Analysis overview

Analysis Overview

  • Economic Impacts

    • One-time construction impacts – direct on-site and off-site spending generated by stadium operations and patrons

    • “Multiplier” effect generated by re-spending of the initial direct multipliers

    • Impacts to the City of Arlington and to Tarrant County

    • Impacts are presented in terms of:

      • Total impacts

      • Wage & Salary impacts

      • FTE Employment

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Methodology

Methodology

  • Economic Impacts

    • Conservative View

    • Utilized ‘Net’ multipliers

    • Excluded from impacts

      • NFL Player Salaries

      • NFL TV & Property Revenues

      • Luxury Suite & Club Seat Premiums

      • Advertising & Naming Rights

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Methodology1

Methodology

  • Economic Impacts

    • Determine net operating/construction expenditures of the facility (by industry classification)

    • Adjust for amounts expended in Tarrant County

    • Apply corresponding economic multiplier factors based on RIMS II industry multiplier factors developed by the BEA

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Analysis overview1

Analysis Overview

  • Fiscal Impacts

    • Identify additional fiscal revenues to the City of Arlington’s General Fund created from:

      • Direct on site (or event related) activity

        • Ticket sales

        • Parking

        • Concessions and merchandise

  • Identify off-site activity

    • Induced off-site retail and dining

    • Gasoline purchases

    • Hotel and motel usage

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Methodology2

Methodology

  • Fiscal Impacts

    • Examine the City’s current General Fund

    • Identify taxable revenue streams that are potentially affected by the new development

    • Define on-site and off-site taxable revenues generated by facility operations based on:

      • Facility operating pro-forma (on-site expenditures) – provided by the Dallas Cowboys

      • Comparable NFL facilities and market characteristics (off-site expenditures)

    • Apply appropriate tax rates to estimate fiscal revenue from all sources

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major operating assumptions

Major Operating Assumptions

  • Stadium and franchise projections were provided by the Dallas Cowboys

  • Annual Events

    • Cowboy Games (pre and regular season)

    • Concerts

    • High School Football

    • Soccer

    • College Football

    • NCAA Bowl Alliance

    • Truck & Tractor

    • Festivals

    • Other

  • Mega Events

    • Super Bowl

    • NCAA Final Four

    • Political Conventions

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major findings economic impacts

Major Findings – Economic Impacts

One Time Construction Impacts

(2010 dollars)

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major findings economic impacts1

Major Findings – Economic Impacts

Annual Economic Impacts

(2010 dollars)

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major findings economic impacts2

Major Findings – Economic Impacts

Cumulative 30 Year Impacts

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major findings fiscal impacts

Major Findings – Fiscal Impacts

Annual Fiscal Impacts

(2010 dollars)

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major findings fiscal impacts1

Major Findings – Fiscal Impacts

Annual Fiscal Impacts

(2010 dollars)

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Major findings mega events

Major Findings – Mega Events

Economic & Fiscal Impacts

(2010 dollars)

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


Era economic and fiscal impacts power point presentation

Presentation of

Economic & Fiscal

Impacts

Proposed NFL Stadium

August 13, 2004

City of Arlington - Economic / Fiscal Impact - Proposed NFL Stadium


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