Res-2018-197 - Laserfiche WebLink

Home Browse Search

A. Direct spending by exhibitors end spectators estimated at $7 .3 million B. Total money flows, both direct and indirect estimated at $8.4 million C. 143 jobs created D. Direct, indirect end induced spending by out of state residents estimated at $1,460,000 E. ''The recreational seivices sectors" will be the sectors most affected by the Horse Parle operations The viability of the Horse Parle is evident in the way it plays to the strengths of the County as listed in the report: A. Outdoor recreation E. Development of Suncadia resort B. Climate F. History (including western) C. Premier sports facilities and even location G. Small town/rural character) D. Interstate highway accessibility H. Natural beauty, open space It is anticipated that at maturity, the Horse Park will be an economic engine that will facilitate and drive private sector enterprise, especially retail, which is intrinsic to the value of recreational tourism to an area. There is currently nothing else planned in Upper County that could have such n positive impact. At this stage of development, the addition of a covered arena is expected to be the single most important impetus in reaching the area's potential. 10. Indicate if other needed Infrastructure (e.g., sewer, water, power) is in place or if there is a plan for getting it in place. Utility infrastructure is in place at the Horse Park. Design and engineering of the covered arena includes access to utilities on the grounds. 11. Indicate the Estimated Number of Businesses Created/Retained by the Project. With the additional months of shoulder season activity allowed by the covered arena, the Horse Park estimates an additional 22,528 visitors annually, nearly 15,823 incremental overnight stays of paid lodging, and $2,882,000 of incremental economic impact (CWU study estimates the average visitor spends $136/day for lodging and related expenditures). Direct economic impacts of the WA State Horse Park will increase significantly with the buildout, but examples of CU1Tent spending include (2017): • Annual payroll: $203,000 (2 fulltime year round, plus 12 seasonal) • Port-a-johns: $21,000 • Equipment rentals: $16,000 • Shavings: $27,000 • Manure removal: $4,000 • Temporary stall rentals: $16,000 Importantly, since over 95% of visitors to the Park come from more than SO miles away, indirect economic impacts include local area restaurants, grocers, hotels and home rentals, fuel, supplies, etc .. Park visitors typically stay more than one night and travel in larger groups. 12. Indicate the Estimated Number of Jobs Created/Retained by the Project. As reflected on the chart in section 8 above, the Horse Park has experienced strong growth in visitor traffic and resulting overnight stays. Projecting forward, essentially all of the visitor and revenue growth expected during 2018-22 is attributable directly or indirectly to development of the covered arena. The Washington State Horse Park Distressed County Sales and Use Tax Grant Application pg12/25