Improving communities through sport

Service

Economic Impact Report

C2C Phase: Planning & Feasibility

An economic impact report provides data showing how a venue’s programming and events impact its local economy. This report is typically selected by clients considering travel sports/sports tourism projects, mixed-use real estate developments, or regional event centers. Taking into account the venue type and size and specific details about the community, Sports Facilities Advisory uses a proprietary analytical process to translate projections from a Pro Forma to determine the impact of three items:

  • Non-local visitors’ days in market
  • Room nights generated by tournament and programming attendees
  • The average daily expenditure of non-local visitors through purchases for lodging, dining, entertainment, retail, travel, and associated expenses.

We measure economic impact based on spending by non-local visitors (event attendees traveling 60 minutes and over) because their primary reason for being in the market is an event or program held at the facility. Direct spending projections can also be translated into tax revenue generation projections. It’s our process, experience with the top facilities throughout the United States, and our mission to enhance the physical and economic wellbeing of communities everywhere that separates SFA from other firms in our industry.

Service Highlights

Study Duration:
4-6 Weeks

Best Suited For:
Sports Tourism Concept Validation
Add-On Service to Feasibility

Led By SFA Research Advisors:

Let's create something today.​

Panama City Beach, FL

PCB Sports Complex is a 210 acre park with 13 configurable fields located in Florida's beautiful panhandle.

State of Michigan

In one of the most comprehensive state-wide studies of the economic impact of sports ever conducted, SFA worked with ten destination marketing organizations across the State of Michigan to determine the contribution of youth and amateur sports on the State’s economy. In total, SFA evaluated and reported on more than 430 events that bring more than $320 million in visitor spending annually throughout Michigan.

Hoover, AL

The Hoover Metropolitan ‘Met’ Complex is a premier community recreation and sports tourism destination located in beautiful Hoover, AL. The massive development has something for everyone featuring an indoor sports facility called the Finley Center, the Hoover Met Baseball Stadium, RV park, Clip N’ Climb, and more.

Why SFA?

With data from thousands of communities throughout the United States, SFA sets the industry standard for measuring economic impact. While many economic impact analyses result in overstated projections that actually detract from the message, SFA’s process is detailed, conservative, and proven, resulting in projections that have consistently met or exceeded comparisons of original projections versus operational performance after development.

Experience

$10 billion in planned projects

Trust

Relied on by financial institutions

Impact

Over 2,000 communities served

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