110204 ERA Study 081204

Slide1: 

Presentation of Economic andamp; Fiscal Impacts Proposed NFL Stadium August 13, 2004

Since 1958….: 

Since 1958…. Economics Research Associates

Our History: 

Our History Founded in 1958 Economic Planning for Disney World

Our History: 

Our History Since 1958 Over 15,000 Assignments Completed

International Reach, Personal Service: 

International Reach, Personal Service San Diego San Francisco London New York Washington, DC Chicago Los Angeles www.econres.com

Our Services: 

Our Services Market Research Feasibility Analysis Economic Impact

Our Core Competencies: 

Our Core Competencies Economic Policy and Planning Recreation and Tourism Real Estate Services

Our Expertise: 

Our Expertise Theme Parks Film Studios Tourism Strategies Retail Entertainment Resorts Cultural Attractions Specialty Attractions Sports Venues Visitor Centers Events Sports Venues

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

Key Experience - Economic & Fiscal: 

Key Experience - Economic andamp; 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

Scope of Services: 

Scope of Services Economic Impact Analysis Fiscal Impact Analysis Proposed Arlington Football 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 andamp; Salary impacts FTE Employment

Methodology: 

Methodology Economic Impacts Conservative View Utilized ‘Net’ multipliers Excluded from impacts NFL Player Salaries NFL TV andamp; Property Revenues Luxury Suite andamp; Club Seat Premiums Advertising andamp; Naming Rights

Methodology: 

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

Analysis Overview: 

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

Methodology: 

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

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 andamp; Tractor Festivals Other Mega Events Super Bowl NCAA Final Four Political Conventions

Major Findings – Economic Impacts: 

Major Findings – Economic Impacts One Time Construction Impacts (2010 dollars)

Major Findings – Economic Impacts: 

Major Findings – Economic Impacts Annual Economic Impacts (2010 dollars)

Major Findings – Economic Impacts: 

Major Findings – Economic Impacts Cumulative 30 Year Impacts

Major Findings – Fiscal Impacts: 

Major Findings – Fiscal Impacts Annual Fiscal Impacts (2010 dollars)

Major Findings – Fiscal Impacts: 

Major Findings – Fiscal Impacts Annual Fiscal Impacts (2010 dollars)

Major Findings – Mega Events: 

Major Findings – Mega Events Economic andamp; Fiscal Impacts (2010 dollars)

Slide24: 

Presentation of Economic andamp; Fiscal Impacts Proposed NFL Stadium August 13, 2004