6.0. PRSR 11-13-1996 - Laserfiche WebLink

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AMATEUR SOFTBALL ASSOCIATION• USA SOFTBALL MINNESOTA SPORTS FEDERATION A S A 592 Dodge Avenue • Elk River, Minnesota 55330-2886 ,u S,/ (612) 241-1789 • Fax (612) 241-1736 ,r�'�gO Sp0'➢A •• ■ SPORTS TOURISM AND ECONOMIC IMPACT BY THE MSF MINNESOTA SPORTS FEDERATION'S OE/WO MINNESOTA AMATEUR SPORTS CENTER AND HALL OF FAME HOSTING INDOOR YOUTH AND ADULT BASKETBALLNOLLEYBALL TOURNAMENTS IN THE ELK RIVER FACILITY Type of Tournament # of Teams #of Players Total Participants 40 State 2 day Basketball / Volleyball Tournaments with an average of 32 1280 12 per team 15,360 teams per tournament With an average of 14 fans per team these 1280 teams will draw 17,920 spectators. Let's presume 80% of the teams are from out of town. These out of town spectators and participants total 26,624.Multiply this by $65.00 per person expenditure per day = $1,730,560.00. Multiply this by 1.5 (*1) = $ 2,595,840.00, direct economic impact of 40 MSF weekend tournaments in your community each year. The direct economic impact is very significant and if we add the indirect and induced effects considering the multiplier effect of 1 .7 dollar turnover, the local economy would benefit by $4,412,928.00 from MSF tournaments in Elk River each year. hile this is very significant contribution to the local economy we have not measured the economic benefit of ournament officials, in town teams,and their fans. This could greatly increase the real impact dollars of MSF/ASA/NYBA tournaments in the Elk River community. AVERAGE PER DAY EXPENDITURE FOR A TEAM OF 12 PLAYERS AND 14 SPECTATORS FOR AN OUT OF TOWN TEAM ONLY ( For 26 People) ( For 1 Person Only) 21% Gas / Transportation Costs $354.90 $13.65 33% Lodging $557.70 $21.45 25% Restaurants $422.50 $16.25 5% Entertainment $ 84.50 $ 3.25 6% Other Food / Snacks / Pop, etc. $101.40 $ 3.90 10% Souvenirs / Gifts $169.00 $ 6.50 100% $1,690.00 $65.00 '2 *1 All tournaments are for a minimum of two days, but many players do not stay for two nights so we only used 50% of 2nd days costs for the purpose of this economic impact study. *2 Based on 1988 data from Grand Island, NE, by the National ASA•USA Offices and to be conservative, we have not adjusted for 1989-1996 inflation. • ,O� St�lfr 2 W A1111)1 eN„,c coo ASA • USA SOFTBALL The Minnesota Sports Federation serves as the local association of the Amateur Softball Association. The ASA is recognized by the United States Olympic Committee as the National Governing Body For Softball.