Economic Impact of the redevelopment of the Hartford Civic Center
AbstractOpened in 1975, the hartford civic Center was home to the NHL first level team, the Hartford Whalers, and hosted University of Connecticut basketball. This CCEA study demonstrates that the NESE redevelopment plan will increase employment by 1202?1449 annually, on average. Real Gross State Product, a measure of total economic activity, will be $45.7 to $58.4 million higher on average. Net State Revenues will be $7.4 to $8.4 million higher per year. This represents a net present value of $58.3 to $66.6 million net state revenues over a 10 – year time horizon. A more realistic bonding horizon of 20?years gives a net present value of $83.6 to $94.3 million
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Bibliographic InfoPaper provided by University of Connecticut, Connecticut Center for Economic Analysis in its series CCEA Studies with number 2011-November-01.
Length: 49 pages
Date of creation: Nov 2011
Date of revision:
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Postal: University of Connecticut 341 Mansfield Road, Unit 1240 Storrs, CT 06269-1240
Phone: 860 486-0614
Fax: 860 486-0889
Web page: http://ccea.uconn.edu/
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convention center development; return on investment.;
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