ResolutiontoApproveAgmt2019PFHorsePark

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derived the following values from their survey: an average of 1.5 persons per horse, a weighted average of $268 expended per person per show day, 53% of spending from out of town. It .should be noted that although the persons per horse measure is quite low at 1.5, the expenditures per person is quite high, resulting in a product of the two factors that falls tightly into line -with the other studies. The Governor Hunt Horse Park Complex in Raleigh uses the following values: 4 persons per horse, $125 expended per person per show day, 67% of spending is from out of town. The Hoosier Horse Park uses the following values: 3 persons per horse, $123 expended per person per show day. The Connecticut Horse Park and Exhibition Center feasibility study measured and used the following values: 6 persons per horee (including exhibitors and spectators,) $169.68 expended per person per show day, 85% of spending from out of town. Although the measures of participants from outside the area ranged from 28% to 86% across the studies, these numbers reflect several factors - the size of the area and the size and nature of the shows. Clearly the density of population in -the East tends to increase this measure, and a higher proportion of large shows tends to increase this measure. The Virginia study group conducted a survey to find that 32% of small show participants were from out of state, along with 69% at medium sized shows and 52% at large shows. Thus this percentage will change as the mix of shows shifts with maturity of the facility. Because of the large sizes of western states and their relatively low population densities, we select the bottom end of the range for out of state participation, 25%. Remember that this Is the number to be entered into the calculations for impacts at the state level; at the county level a• figure as high as 95% of participants coming from outside the county can be used and deemed conservative, given the very small 37