ipl-logo

How Does Charlotte's Economic Impact

413 Words2 Pages

The total employment impact from on-site activities totals 8,582 jobs (Total employment 9,827 – Total off-site employment 1,245). Thus, combines for a total employment impact of 9,827 resulting from professional and amateur sports team events during 2011 (Connaughton, 2012, p.17). This study validates Charlotte’s ability to attract national and international destination-defining events, including the Super Bowl. Visit spending continues to support major events that also spawn economic impact to some of Charlotte’s most distinguished assets. IV. Conclusion There is long-term positive economic impact that the Super Bowl host city reaps following the event. One of the biggest indicators is job creation due to the level of attention that the game brings to a city. Visitors invest in various sectors in participating in a sports event, including transportation, entertainment, retail, food & beverage, and accommodations. This impact has a direct, indirect, and induced effect in the production of additional materials, jobs, wages, and taxes for a city. Increase in jobs means an increase in income to use on expenditures, such as attending a sporting event. …show more content…

Charlotte’s increase in travel and tourism, has led to additional accessibility and supply logistics that are, in turn, important in attracting investment in other industry sectors. Thus, results in a multiplier effect. Often, raising the destination profile is forgotten in comparing the advantages and disadvantages of hosting a Super Bowl. Destination promotion builds awareness and relationships amongst various sectors that later attract new residents and support growing industries. Relationships built during major of events lead to targeted economic development through securing conventions, meetings, and trade shows are vital to a destination’s

Show More
Related

  • Summary Of Six Lies About The Marlins Stadiums By Elfrink

    453 Words  | 2 Pages

    they illustrates the controversy on the amount spend on sport facilities. It is not fair for the taxpayers who generally do not benefit from these stadiums, however, there are positive aspects for the major league. The construction of enormous stadiums tell the public that will provide excellent jobs for local

    Read More

  • Petco Park: Non-Profit Analysis

    485 Words  | 2 Pages

    Many public policy makers have been led to believe that professional sports are a public good, like youth sports activities, or community centers. Yet there is very little evidence to suggest that there are any positive effects produced by professional athletic teams that can’t be produced by other forms of entertainment at a much lower cost. Unlike public entities that are mandated to provide certain service(s) for the public, professional athletic teams provide entertainment with no obligation to fans or the cities in which they play. The numerous players strikes and lock outs are a testament to

    Read More

  • Staggering Amount Of Money On NFL Stadiums By Travis Waldron

    504 Words  | 3 Pages

    Across the country, cities invested millions of dollars into sports delveoplment strategies to keep or lure pro teams to their city (Waldron). For example, the city of Cincinnati spent 424 million dollars on the Cincinnati Bengals but later “had to sell a public hospital to clo se budget holes” (Waldron). The financial numbers are stagering. Some of these cities previously expended money on the sports entertainment market but mysteriously ran out when it came time to balance the budget or to make vital improvements in the city. Cities will continue to spend large amounts of funds on NFL teams because the allure of the franchise and the notority they bring with them is to great to say no

    Read More

  • Essay On The Sports Authority Mile High Stadium

    1096 Words  | 5 Pages

    A few out-of-towners contribute by patronizing local hotels and restaurants” (Denver Post). During a typical football season there are only 10 games a season. Those games typically draw about 750,000 people. In my opinion I do believe that the Broncos have some kind of power over

    Read More

  • St. Louis Rams Research Paper

    1103 Words  | 5 Pages

    Not only is the National Football League (NFL) the most popular sports league in America, it also draws in the highest revenue of any sporting league in the United States. Los Angeles holds the second largest GDP of any city in the United States, and the NFL runs on a model of revenue sharing among its owners and franchises. Therefore, the lack of an NFL franchise in the city of Los Angeles is certainly a glaring omission, as the opportunity to host an NFL team in Los Angeles would benefit the entire league economically. That being said, the San Diego Chargers and the Oakland Raiders present viable alternatives to the St. Louis Rams in placing an NFL team in Los Angeles. The lack of an NFL franchise in one of the America’s greatest cities is

    Read More

  • Nfl Buyer Power Essay

    671 Words  | 3 Pages

    That means that the main reason the NFL makes money is because they have so many fans viewing their product. Buyer power also affects the individual teams of the NFL. The consumer affects game day sales and profits, and the main reason why NFL teams move from city to city is because of lack of fan interest. Without fans, the NFL couldn’t survive;

    Read More

  • The League By John Eisenberg Sparknotes

    1282 Words  | 6 Pages

    John Eisenberg, a former sportswriter, writes about the creation of the NFL on pages 325-326 of "The League”, written in 2019 to celebrate the 100th year of the NFL. It tells an important story, to sports fans, about the start of the NFL and achieves his purpose of praising the hard work of the original NFL creators in the 1920s-1940s through specific details of the first Super Bowl, the impact of the rules created, and their feelings after finally achieving success. First, Eisenberg uses specific details about the first Super Bowl to set the scene of the impact of the NFL creators' hard work. Throughout the book he includes specific details about games.

    Read More

  • How The Impact Of Peyton Manning Made The Dramatic Migration To The City Of Indianapolis

    1817 Words  | 8 Pages

    On March 28, 1984, the history of Indianapolis changed forever, something many millennials will never come to know. At the crack of dawn, about a dozen Mayflower moving vans left the city of Baltimore. Having packed all night long in preparation to leave before the sun came up, the Baltimore Colts had made what seemed to be an abrupt decision to pack up their team and move to Indianapolis. This event in Colts’ history has had a lasting impact not only on the city of Indianapolis, but also on the city of Baltimore. From the economic aspects to the pleasure of fans, the Indianapolis Colts have made a dramatic transformation to the city of Indianapolis in a multitude of ways.

    Read More

  • Lamar Hunt And The Economic Impact Of The Super Bowl

    950 Words  | 4 Pages

    When a town/state hosts the NFL’s Super Bowl, the area is heavily impacted on an economic level. Spectators of this widely publicized event come into these towns and patron local hotels, restaurants, area shopping centers and tourist attractions. This fact alone has a huge economic impact on both the local and state level. Tax dollars generated by the sales and patrons of these establishments equals an increase in state allocated

    Read More

  • Case Study: College Varsity Athletes Should Be Paid

    356 Words  | 2 Pages

    With the revenue quickly escalating, college athletes appear more as employees because of the money they are generating for their school program (Berry III,

    Read More

  • The Negative Effects Of Hosting The Olympics

    1061 Words  | 5 Pages

    The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities

    Read More

  • Atlantic City Essay

    879 Words  | 4 Pages

    Las Vegas has remained a dominant vacation destination. “people go just as much for shopping, partying, restaurants, and shows as they do for gambling” (Hoium 1). When considering revenue alone, only one third of income that Las Vegas brings in is solely from gambling, where as, in Atlantic City almost sixty percent of their revenue is dependent upon the gambling industry. Atlantic City needs to shift the focus from gambling to family oriented events. If the City can create a family atmosphere with shopping, restaurants, kid-friendly attractions, and nightlife, they will have the whole

    Read More

  • How Has Football Impacted Our Society

    1270 Words  | 6 Pages

    Another impact from football are the teams. NFL football teams bring in millions of fans, who bring millions of dollars in revenue to the cities. The NFL teams alone can make the city’s economy flourish. The NFL teams also offer millions of jobs to the people, from referees to maintenance workers (Easterbrook 256) Football also offers many scholarships and programs that helps many people go to colleges of their choice.

    Read More

  • Gil's Sportsplex Analysis

    550 Words  | 3 Pages

    In his essay “Gil’s Sportsplex”, Gil Fried states that Gil Giles is always obsessed with softball and thus, he tends to invest a sportsplex after he retired (1). Fried introduces Gil’s backgrounds that he is a former police officer without any experiences in running a sports facility (2). Elsewhere, Fried demonstrates various industry analyses about sportaplex, for example, the definition of sportsplex is a facility offering multiple indoor and outdoor sports (2), and the “Sportsplex Operators and Developers Association (SODA)” propose some guidelines for implementing a sportsplex, such as “developing a needs assessment, feasibility study and preliminary design”(2). In addition, Fried cites CT sportsplex information, which includes the location, population, the charging fees, sponsorship packages, and the competing component research, as a frame example for Gil’s sportsplex (3-4).

    Read More

  • Informative Speech On Superbowl

    603 Words  | 3 Pages

    According to Amir Somoggi the economic impact of the Super Bowl event is huge, with amounts exceeding $600 million in direct and indirect revenues. These huge figures create jobs for people in the days leading up to the event and after. Example, more Uber drivers are driving visitors around. The Super Bowl also exposes a city’s lack of certain infrastructure like a bigger airport, more hotels and that leads to developers building these types of infrastructure leading to direct jobs in construction as an example.

    Read More

More about How Does Charlotte's Economic Impact

Open Document