Annual economic activity generated by stadium operations: ![]() Since the median annual wage for construction workers, according to the Bureau of Labor Statistics, is a little over $40,000, I’m assuming that the $92K would be wages earned over the entire construction period, which is likely to be two to three years. No, they do not explain how they determine the average wage. More than $417 million in wages (average wage of $92,658) Nearly $443 million in total economic output (e.g. Economic activity generated by stadium construction: Here are some of their topline conclusions. They do estimate a figure for total spending at the new stadium, however to do that they must have had some working assumptions about attendance. For example, they indicate that the stadium will be used for 81 baseball games plus other events, but they don’t (as far as I could see) indicate how many people they think will be attending any of these events. The report provides analysis of the potential economic impact of the construction of the ballpark, the operations of the ballpark (they project a 30 year use period), and the overall Gas Plant district development.īecause the firm used proprietary numbers provided by the Rays it’s hard to look under the hood of their math. *** Victus Economic Impact Study Conclusions Link to the Report: VictusAdvisors_RaysBallparkImpactStudy_02.06.23.pdf The reporters were kind enough to share the original report, which they obtained through a public records request, and below I’ll provide a few thoughts about it, and about the value of economic impact analyses generally. This report looks at both economic and social impacts, and is no doubt intended to help city and county elected officials make more informed decisions about anticipated requests from the Rays for public financial support. Petersburg and Pinellas County governments contracted with a firm called Victus to study the economic impact of a new stadium for the Tampa Bay Rays. ![]() Thanks to Tampa Bay Times reporters Colleen Wright and Jack Evans, we have learned that St.
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