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

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

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

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

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

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

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

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

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

• What Are The Benefits To A Town Of Building A New Stadium Subsidy?

479 Words | 2 Pages

Did you know that the stadium subsidy start with the federal government, that allow states and local governments to issue tax-exempt bonds to help the finance sports facilities. Eighty years ago, the stadium subsidy was unheard of, the reason why cities stadium subsidies sports are becoming built, as a facility creation of construction jobs. Second the people who attend their favorite team games or work with the team can generate more spending in the community by expanding the local employments. The third team attracts tourists and companies to the host city that’s further increasing local spending and jobs and finally with this new spending has multiplier effects which increasing the local income because there are still more new spending and jobs creations.

Read More

Mega Regeneration

899 Words | 4 Pages

B3140: Recreating the City: Events and Regeneration 13002292 When cities decide to hold an event or join the bidding process for a mega event it is often because they need to use the event as a catalyst to improve their city in one way or another; whether this be image improvement, tourism development or urban regeneration (Getz, 1991). The following report will use case studies to critically evaluate the relationship between major and mega events with image development, tourism development and urban regeneration and analyse whether or not it is a sequential process. Mega-events; the Olympic Games, World Expos and FIFA World Cup, and Major-events; the Commonwealth Games and European Capital of Culture - are large events which are being watched worldwide

Read More

Australian Government Have Decided To Host Sporting Events

983 Words | 4 Pages

To start with, businesses would need to understand the associated changing in hosting the Games that will impact them on a leverage benefit and mitigate risks. As there was an increase of tourism demand and supply which was very clear from the Gold Coast hosting the 2018 Games. The Games produced a high demand in accommodation. With a leverage in future sporting events, there has been an opportunity to showcase the Gold Coast. This has significantly improved the business image and employer brand.

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

Gambling Industry Essay

873 Words | 4 Pages

The economic benefits of gambling include an increase in tax revenues, increased employment, higher wages and payments to capital, and increased economic growth. However, gambling also causes some obstacles. The crime rate rises, the prosperity of the human being can be influenced in a negative way and the gambling industries cannibalize other non-gambling industries within the state. The results of studies have found that the recent gambling increase shows a short-term positive impact on the economic growth. However, after a longer period of time, the stimulus effect dies out.

Read More

Las Vegas Becoming The World Leader In Mice Industry

539 Words | 3 Pages

Meetings, incentives, conferences and exhibition industry has become one of the most lucrative business because it is highly correlated with tourism. More specifically, more and more visitors who travel to a city for meetings, incentives, conferences and exhibition (MICE) would like to spend several days to relax, tour, and shop. Thus, an idea place holding MICE would not only have a developed infrastructure such as indoor space, but also have famous places to visit, entertainments, and shopping malls. As one of the most popular city in MICE business, Las Vegas has many exhibition centers and hotel meeting space. Also, the city is famous for its gambling industry, tourism attractions, food boutiques, and shopping centers.

Read More

Hotel Selection Process

1085 Words | 5 Pages

convention attendees, revenue is also generated by conventioneers utilizing other hotel services like restaurants and drugstores. Additional revenue for the various hotel services is also created by spouses that often accompanying convention delegates (Weber, 2001). Also, Hu (1994) proved that meeting guests tend to spend more on food and beverages and meeting space rental than do other guests. Finally, conventions and meetings are excellent prospects for repeat business (Weber, 2001). The repeated use of a hotel chain for an event can depend on the satisfaction of convention attendees.

Read More

More about How Does Charlotte's Economic Impact

Related Topics

Open Document