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6.30.11 TheEconomicEngineReport Final[1]

6.30.11 TheEconomicEngineReport Final[1]

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Published by: Isaac Gonzalez on Feb 18, 2013
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08/31/2013

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 The Economic EngineReport
An Economic Analysis on the Regional Impact of anEntertainment and Sports ComplexJune 30, 2011Prepared by:
Capitol Public Finance Group, LLC1900 Point West Way, Ste. 273Sacramento, CA 95815T (916) 641 2734F (916) 921 2734www.capitolpfg.com
 
 
 
The Economic Engine Report
 
T
ABLE OF
C
ONTENTS
 
EXECUTIVE SUMMARY ............................................................................................ 3
 
INTRODUCTION...................................................................................................... 5
 
A
BOUT
C
APITOL
PFG
AND THE
R
EPORT
’ 
S
A
UTHOR
................................................................ 5
 
The Report’s Author ...........................................................................................
 
S
COPE OF
R
EPORT AND
A
NALYSIS
................................................................................... 6
 
T
HE
T
HRESHOLD
R
EPORT
............................................................................................ 6
 
BACKGROUND INFORMATION ................................................................................ 8
 
P
ROPOSED
P
ROJECT
I
NFORMATION
................................................................................. 8
 
T
HE
R
AILYARDS
....................................................................................................... 9
 
D
OWNTOWN
S
ACRAMENTO
......................................................................................... 10
 
Pedestrians in Downtown Sacramento ................................................................. 13
 
Foot Traffic from a New Entertainment and Sports Complex ................................... 14
 
Sacramento Convention Center .......................................................................... 18
 
Downtown Sacramento Partnership .................................................................... 19
 
U
RBAN
P
LANNING
P
RINCIPLES
..................................................................................... 20
 
ECONOMIC AND FISCAL ANALYSIS ....................................................................... 22
 
3.1
 
M
ILLION
A
NNUAL
V
ISITORS
W
ILL
C
REATE
E
CONOMIC
B
ENEFITS FOR THE
R
EGION
.................... 22
 
Downtown Sacramento ..................................................................................... 24
 
City of Sacramento .......................................................................................... 25 
 
County of Sacramento ...................................................................................... 26
 
Greater Sacramento Region ............................................................................... 27 
 
Economic Impacts Summary ............................................................................. 28
 
3.1
 
M
ILLION
A
NNUAL
V
ISITORS
W
ILL
C
REATE
F
ISCAL
B
ENEFITS FOR
G
OVERNMENT
A
GENCIES
.......... 28
 
Sales Taxes ..................................................................................................... 29
 
Transient Occupancy Tax .................................................................................. 30
 
Other Revenues ............................................................................................... 31
 
CASE STUDIES ...................................................................................................... 33
 
K
ANSAS
C
ITY
........................................................................................................ 33
 
M
EMPHIS
............................................................................................................. 34
 
O
KLAHOMA
C
ITY
.................................................................................................... 34
 
C
OLUMBUS
........................................................................................................... 35
 
SUMMARY AND CONCLUSIONS ............................................................................. 37
 

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