posted on October 02, 2008 15:05
|Dr. Ron DeBeaumont discusses a recent study that shows the Donald E. Young Sports and Fitness Center had nearly $3 million in economic impact in the Spearfish in 2007. DeBeaumont presented highlights of the report at the presentation this week.
The Donald E. Young Sports and Fitness Center at Black Hills State University, which hosts a variety of community events, had an economic impact of nearly $3 million on the city of Spearfish in 2007 according to a study conducted by BHSU professors.
The study found that the total economic impact of the Young Center was estimated to be $2,933,648 in business revenues. This total impact includes 40 new jobs, $926,087 in personal income, and $221,241 in local and state tax and fee revenues (including local option sales tax on spending, hotel/motel tax, and fees for activities within the area).
The study measured attendance at Young Center events and estimated nonresident attendee spending in Spearfish by conducting surveys at a sample of 29 different public events at the Young Center during 2007.
Survey results show that nonresident attendees of events at the Young Center spent about $1.47 million in Spearfish. The events that generated the most spending in Spearfish during that year were:
• the State A Girls Basketball Tournament ($280,261)
• the annual Lakota Omniciye Pow Wow ($252,228)
• BHSU commencements ($140,995)
• youth basketball events ($128,667)
• college basketball games ($128,038), and
• wrestling tournaments ($108,026).
According to the study, the economic sectors that received the greatest volume of nonresident attendee expenditures were commercial lodging ($383,543) restaurants ($324,235), and gasoline service stations and vehicle repair shops ($237,992). According to the study “these expenditures re-circulated in the economy of Spearfish and impelled secondary impacts on business revenues, employment, personal income, and tax revenues.”
BHSU was just notified that the Young Center has been selected as the location for the Girls State A Basketball Tournament in March 2012. This event, which BHSU successfully hosted in 2007, was noted as the top income generating event of that year.
The economic impact study was conducted by Dr. Christian Nsiah, Dr. Daniel Spencer and Dr. Ronald DeBeaumont in the College of Business and Technology at Black Hills State University. For more information or to request a speaker at a community event to discuss this study contact DeBeaumont at RonaldDeBeaumont@BHSU.edu.
About the Donald E. Young Sports and Fitness Center
Since the Donald E. Young Sports and Fitness Center opened in 1990 on the campus of Black Hills State University it has been the site for many community and regional events. The Young Center was designed to serve the needs of the community as well as the University and is the only facility of its type in the region.
The Young Center includes an 18,000 square foot gymnasium with a 3,800 seating capacity, a 54,000 square foot field house, an 8,000 square foot fitness center with aerobic and anaerobic weight training machines and free weights, locker rooms, hospitality and meeting rooms, dance floor, concessions, and convenient parking. The Aquatic Center has a six-lane, 25-meter pool; three-lane instructional pool with hydraulic moveable floor; and seating capacity for 350. The Young Center is home to administrative, athletic, and academic offices as well as classrooms with audio and video capability and the Hall of Fame Room.
The Young Center hosts numerous state and regional athletic events including basketball, volleyball, soccer and wrestling tournaments, state swim meets, track meets, and Special Olympics as well as BHSU athletic events including conference track, basketball, and volleyball play-offs.