The Charlotte Sports Foundation said $79.7 million was generated by the Jump man Invitational, the Duke’s Mayo Classic, the Ally Tipoff, and the Duke’s Mayo Bowl. In addition to the $79.7 million, CSF said $42.9 million was also generated in direct spending and $2.5 million in taxes. More than 70,000 hotel rooms were booked during those events and over 216,000 fans were in attendance. CEO of CRVA Steve Bagwell said, “Sporting events are a significant contributor to the region’s $7.3 billion visitor economy, with a large portion of the annual hotel room nights booked by the CRVA attributable to that market segment." He also continued, “Our partnership with the Charlotte Sports Foundation is tremendously important in creating positive economic activity for the community. Their industry connections and operational expertise are vital when we pursue and host strategic sporting events. The collaboration has been incredibly successful at drawing visitors, generating media exposure, and delivering fantastic experiences in the Queen City.” The Charlotte Sports Foundation said $2.7 million of the money generated was donated to charitable causes including Charlotte-Mecklenburg Schools.
link: Charlotte saw nearly $80M economic impact from big 2023 sports events - Yahoo Sports
2 comments:
I wonder what the real impact is of these sporting events on the local community beyond the immediate economic boost? We're seeing all this money come in, but where it is really going and who does it really benefit?
With 2.5 million generated in taxes, has the government announced a plan of what residents can look forward to in the future because of the government's extra revenue?
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