IDEAS home Printed from https://ideas.repec.org/p/ags/nddsps/23656.html
   My bibliography  Save this paper

Estimating The Contribution Of The Fargodome To The Area Economy

Author

Listed:
  • Hodur, Nancy M.
  • Bangsund, Dean A.
  • Leistritz, F. Larry
  • Kaatz, John

Abstract

Tourism has become an important economic sector in many parts of the world, and many regions, states, and local areas are increasingly looking to expenditures by visitors as a potential source of economic growth. Some communities have developed facilities to host sports events or other forms of entertainment to attract out-of-town visitors. Thus, the multi-purpose sports arena/auditorium has joined the industrial park as a community economic development initiative. This paper estimates the economic contribution of a multi-purpose sports and auditorium facility located in Fargo, North Dakota. Since opening its doors in December of 1992, the FARGODOME has hosted a wide variety of sporting events (e.g., college and high school football, rodeo, professional basketball), concerts, trade shows, and other forms of entertainment (e.g., ice shows, circuses, motor sports events). The purpose of this study was to estimate the contribution that FARGODOME event attendees and participants make to the Fargo area economy. The assessment process included (1) determining the residency and expenditure patterns of event attendees and participants, (2) estimating the aggregate direct economic contribution to the area economy by combining event attendee attributes and expenditures with FARGODOME records of the number of events held at the facility and attendance at each, and (3) estimating the secondary economic impacts associated with the FARGODOME's direct economic contribution. Event attendees' and participants' (e.g., exhibitors, athletes, and accompanying persons) place of residence and expenditures were obtained through intercept surveys of attendees/participants at selected FARGODOME events. The expenditures made directly by the FARGODOME to local entities (i.e., for payroll, benefits, utilities, etc.) were added to the attendees'/participants' expenditures outside the facility to arrive at the total direct economic impact (contribution) to the Fargo area. Then, the North Dakota Input-Output Model was used to estimate the secondary (multiplier) effects resulting from FARGODOME activities. Economic impacts will be reported using indicators such as gross business volume (gross receipts) of various economic sectors (e.g., retail trade), personal income, and employment.

Suggested Citation

  • Hodur, Nancy M. & Bangsund, Dean A. & Leistritz, F. Larry & Kaatz, John, 2004. "Estimating The Contribution Of The Fargodome To The Area Economy," Staff Papers 23656, North Dakota State University, Department of Agribusiness and Applied Economics.
  • Handle: RePEc:ags:nddsps:23656
    DOI: 10.22004/ag.econ.23656
    as

    Download full text from publisher

    File URL: http://ageconsearch.umn.edu/record/23656/files/sp040001.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bangsund, Dean A. & Hodur, Nancy M., 2013. "Economic Contribution of Public park and Recreation Activities in North Dakota: A Summary of Economic Effects," Agribusiness & Applied Economics Report 162926, North Dakota State University, Department of Agribusiness and Applied Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nddsps:23656. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/dandsus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.