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IPWG agenda 120700
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IPWG agenda 120700
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Date
12/7/2000
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Regular Meeting
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Agenda
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Attachment F <br /> Just this summer , CASL obtained commitments from the City of Raleigh and Wake <br /> County for $ 5 million from the countywide motel and meals taxes to serve as seed money for <br /> the first phase of the State Capital Soccer Park in Cary . The league plans to build a 5 , 000 - <br /> seat stadium , eight soccer fields , including six that meet international standards , a three - <br /> story field house , concession areas , restrooms , 2 , 000 parking spaces , and a cross - country <br /> course , at a cost of $ 14 . 5 million . The park will be constructed on a 131 -acre state - owned <br /> site for which CASL secured a lease in March 1999 . <br /> According to an economic impact analysis prepared by an assistant professor of <br /> parks , recreation and tourism management at N . C . State University , CASL projects the <br /> facility will attract 31 events each year, with a total paid attendance of 141 , 358 . The report <br /> forecasts that 16 , 447 out-of-town visitors will stay overnight . <br /> CASL leaders contend they have a proven track record of attracting people to the <br /> Triangle and claim an annual economic impact of $ 18 . 7 million . Last year , according to <br /> CASL , 14 , 000 rooms were booked with people who attended league events and <br /> tournaments . <br /> Projecting Local Economic Im ac <br /> To project the economic impact of a potential soccer complex in Orange County , the <br /> subcommittee took a conservative approach , assuming only three tournaments would be <br /> held annually . We looked at the impact for a four-field and eight-field complex , and assumed <br /> that some preliminary matches would be held on existing fields . <br /> With a four-field complex , 24 teams would be accommodated , an eight-field complex <br /> would accommodate 48 teams . We further assumed that each team would account for 40 - <br /> 50 participants and spectators ( 20 players and coaches and 20 = 30 family member <br /> spectators ) and that the tournaments would last two days . Therefore , the total number of <br /> people projected to attend would be : <br /> With 4 Fields With 8 Fields <br /> @40/team 960 total 1 , 920 total <br /> @50/team 1 , 200 total 2 , 400 total <br /> The subcommittee used typical daily expenditure data for sporting -event tourists <br /> ( supplied by the Chapel Hill/Orange County Visitors Bureau ) of $ 125 per room night and $ 50 <br /> per day for day-trippers . Assuming that room nights equal one- half the total number of <br /> participants and spectators , the formula for economic impact would be . <br /> Direct Economic Impact = %2 Total number attending x $ 125 + %2 Total number <br /> attending x $ 50 x 2 days <br /> This results in the following projected direct economic impact , per tournament . <br /> With 4 Fields With 8 Fields <br /> @40/team $ 78 , 000 $ 156 , 000 <br /> @50/team $ 97 , 500 $ 195 , 000 <br /> Thus , total direct economic impact per year, assuming three tournaments , would range from <br /> a conservative $ 234 , 000 (4 fields @ 40 people/team ) to $ 585 , 000 ( 8 fields @ 50 <br /> people/team ) . <br />
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