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<blockquote data-quote="HoLeChit" data-source="post: 4180537" data-attributes="member: 35036"><p><a href="https://www.velocityokc.com/clientuploads/PDFs/Economic_and_Revenue_Impacts_of_OKC_Arena.pdf" target="_blank">https://www.velocityokc.com/clientuploads/PDFs/Economic_and_Revenue_Impacts_of_OKC_Arena.pdf</a></p><p></p><p>In 2022-23, Paycom Center hosted 43 Thunder home games, 23 Oklahoma City Blue home games and 47 other ticketed events including concerts and other sporting events</p><p></p><p>-Attendance at Oklahoma City Thunder games and other events has largely rebounded from the pandemic with close to 1.1 million people attending events at Paycom Center in 2022-23, and average attendance at Oklahoma City Thunder games is continuing to increase 2023-24.</p><p></p><p>-This analysis provides a framework for understanding the economic and tax impacts that the arena supports using information provided by ASM Global and the Oklahoma City Thunder. The report includes the continuing economic impacts of jobs supported by the operations of the arena and the Oklahoma City Thunder, visitor spending outside the arena, and tax revenues from visitors and employees.</p><p></p><p>-All total, the arena supports an estimated<strong> annual </strong>economic impact of <strong>$590.0 million</strong> in Oklahoma City.</p><p></p><p>-<strong>Paycom Center currently hosts 114 events per year. The number of ticketed third-party events could increase.</strong> The operations of the arena and the operations of the Oklahoma City Thunder support an annual economic impact of $513.0 million, directly and indirectly supporting close to 2,500 jobs and $273.8 million in annual labor income.</p><p></p><p>-With a total of about 472,900 non-local visitor days per year for basketball games and ticketed thirdparty events, <strong>the arena supports an estimated $45.5 million in annual visitor expenditures outside the arena for lodging, food, retail and local transportation. This level of visitor generates an induced economic impact of $77.0 million per year, supporting 795 jobs at local businesses.</strong></p><p></p><p>-The estimated construction cost for a new arena is $900.5 million, including $693.0 million in hard costs that create local economic impacts. The estimated economic impact of construction could total $1.3 billion, supporting over 10,000 jobs during the construction period.</p><p></p><p>-In addition to these economic impacts, local spending by ticketed event attendees in the arena and outside the arena, as well as household spending by arena staff, Oklahoma City Thunder players and staff, and indirect and induced workers supported by the <strong>operations of the arena supports $9 million in city taxes, $4 million in county, school and other local district taxes and $17 million in state taxes each yea</strong>r.</p><p></p><p>-Although the new arena is still in the early planning stages, estimated total construction costs are $900.5 million. Of this total, hard construction that could support local jobs and economic impacts could total $693.0 million. The multiplier effect of this local construction spending could result in a total increase in economic activity of $1.3 billion during the multi-year construction period (Figure 2). The project could support an estimated 6,630 direct construction jobs and an additional 3,620 indirect and induced jobs related to local suppliers and employee spending in Oklahoma City.</p><p></p><p></p><p></p><p>There's lots more in the report, and its worth a read. But these numbers are for the old stadium. and is just in reference to NBA business brought to our city. If we had a bigger/better stadium we could get a lot more non-NBA events as well, which again, is more money on top of the more money we would be getting from NBA spending. This report is also in reference to just 1 year, so that 900 million ends up giving us returns for at least the next few decades. The report doesn't include the new hotels and restaurants built, the jobs they create, and the cash they bring. We've already had a lot of them, and we'll just be getting more as we grow. </p><p></p><p>Further, here's the old Thunder Lease summary, which includes money coming to us from the NBA not factored in to the report above, to include ticket sales, parking fees, and facility use fees. These will all be going up when our facilities are nicer too.</p><p><a href="https://law.marquette.edu/assets/sports-law/pdf/lease-summary-oklahoma-city-thunder.pdf" target="_blank">https://law.marquette.edu/assets/sports-law/pdf/lease-summary-oklahoma-city-thunder.pdf</a></p></blockquote><p></p>
[QUOTE="HoLeChit, post: 4180537, member: 35036"] [URL]https://www.velocityokc.com/clientuploads/PDFs/Economic_and_Revenue_Impacts_of_OKC_Arena.pdf[/URL] In 2022-23, Paycom Center hosted 43 Thunder home games, 23 Oklahoma City Blue home games and 47 other ticketed events including concerts and other sporting events -Attendance at Oklahoma City Thunder games and other events has largely rebounded from the pandemic with close to 1.1 million people attending events at Paycom Center in 2022-23, and average attendance at Oklahoma City Thunder games is continuing to increase 2023-24. -This analysis provides a framework for understanding the economic and tax impacts that the arena supports using information provided by ASM Global and the Oklahoma City Thunder. The report includes the continuing economic impacts of jobs supported by the operations of the arena and the Oklahoma City Thunder, visitor spending outside the arena, and tax revenues from visitors and employees. -All total, the arena supports an estimated[B] annual [/B]economic impact of [B]$590.0 million[/B] in Oklahoma City. -[B]Paycom Center currently hosts 114 events per year. The number of ticketed third-party events could increase.[/B] The operations of the arena and the operations of the Oklahoma City Thunder support an annual economic impact of $513.0 million, directly and indirectly supporting close to 2,500 jobs and $273.8 million in annual labor income. -With a total of about 472,900 non-local visitor days per year for basketball games and ticketed thirdparty events, [B]the arena supports an estimated $45.5 million in annual visitor expenditures outside the arena for lodging, food, retail and local transportation. This level of visitor generates an induced economic impact of $77.0 million per year, supporting 795 jobs at local businesses.[/B] -The estimated construction cost for a new arena is $900.5 million, including $693.0 million in hard costs that create local economic impacts. The estimated economic impact of construction could total $1.3 billion, supporting over 10,000 jobs during the construction period. -In addition to these economic impacts, local spending by ticketed event attendees in the arena and outside the arena, as well as household spending by arena staff, Oklahoma City Thunder players and staff, and indirect and induced workers supported by the [B]operations of the arena supports $9 million in city taxes, $4 million in county, school and other local district taxes and $17 million in state taxes each yea[/B]r. -Although the new arena is still in the early planning stages, estimated total construction costs are $900.5 million. Of this total, hard construction that could support local jobs and economic impacts could total $693.0 million. The multiplier effect of this local construction spending could result in a total increase in economic activity of $1.3 billion during the multi-year construction period (Figure 2). The project could support an estimated 6,630 direct construction jobs and an additional 3,620 indirect and induced jobs related to local suppliers and employee spending in Oklahoma City. There's lots more in the report, and its worth a read. But these numbers are for the old stadium. and is just in reference to NBA business brought to our city. If we had a bigger/better stadium we could get a lot more non-NBA events as well, which again, is more money on top of the more money we would be getting from NBA spending. This report is also in reference to just 1 year, so that 900 million ends up giving us returns for at least the next few decades. The report doesn't include the new hotels and restaurants built, the jobs they create, and the cash they bring. We've already had a lot of them, and we'll just be getting more as we grow. Further, here's the old Thunder Lease summary, which includes money coming to us from the NBA not factored in to the report above, to include ticket sales, parking fees, and facility use fees. These will all be going up when our facilities are nicer too. [URL]https://law.marquette.edu/assets/sports-law/pdf/lease-summary-oklahoma-city-thunder.pdf[/URL] [/QUOTE]
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