Columbus Sports Teams Greatly Benefit Local Economy

photo courtesy of tlarrow photos

The Blue Jackets are in the NHL playoffs and that alone is bringing attention to Columbus Ohio, but beyond that research shows that the Blue Jackets and other Columbus teams like the Columbus Clippers and the Columbus Destroyers are having a positive economic impact on the Columbus area. A recent study was conducted by the John Glenn Institute of Public Affairs at Ohio State University. According to an article at ColumbusBizJournals.com the findings are as follows:

 

• An estimated $160 million in indirect spending at hotels and restaurants can be attributed to out-of-town visitors attending Blue Jackets games and other events at the arena.

• Approximately $4 million in local income tax revenue has been generated by the Jackets and Destroyers since fiscal year 2002.

• More than $2.3 million in grants and donations have been made by the Blue Jackets Foundation to 80 nonprofit organizations since 2000.

• More than $1 billion in investments have been made or committed to the Arena District.

• Arena District businesses generated $6.13 billion in sales revenue and $1.46 billion in payroll from 2000 through 2006.

• More than 170 businesses and 7,000 jobs are located in the district.

 

The results of the study reinforce the benefits that professional sports can have on a community and in this case it is clear that Columbus Ohio reaps the rewards of its teams in many ways.

 

If you are looking to buy or sell a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

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