4 reasons for support of EI

4 reasons for support of EI - 4 reasons for support of EI o...

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4 reasons for support of EI o New spending in the community generated by workers and attendees o The team attracts tourists and companies which further increases local spending o The multiplier effect: Advocates of the EI says that stadiums bring in so much money that they will make back whatever money it costs to build o False Tickets and sales tax offset some of the subsidies and property taxes increase around the stadium Top 10 EI Professional Sporting Events o US Open Tennis o Super Bowl o Daytona 500 o Indy 500 – large seating capacity, multiple day events Number one way to increase EI is to increase length of stay 5 Principles of EI analysis o Exclusion of local residents – you must exclude them When local money is excluded, numbers become very small o You must exclude time switchers and casuals Non local spectators that may have been planning on visiting community but switched the timing to coincide with the event – time switchers Locals who are already in the
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This note was uploaded on 02/17/2012 for the course SPM 5506 taught by Professor Staff during the Fall '10 term at University of Florida.

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4 reasons for support of EI - 4 reasons for support of EI o...

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