Posts Tagged ‘Economic Output’

A Hall of Fame Project

June 1, 2015

Ever been to the Pro Football Hall of Fame in Canton?

You don’t have to be a football fan to enjoy the history that the orange juicer-shaped building contains. Canton, of course, was the site of the early Canton Bulldogs, which helped found the National Football League in the early 1900s. The city’s place in NFL history made it a natural site for the league’s most hallowed honor.

The Pro Football Hall of Fame is pretty impressive now, but if plans come to fruition, it’ll be a major economic driver for northeast Ohio. Last fall the Hall of Fame announced plans for Hall of Fame Village, expanding the area and making it an interactive and educational football attraction.

According to a study conducted by Conventions, Sports & Leisure International (CSL),
HOF Village will generate $15.3 billion in cumulative net new total economic output within Stark County, home of the Hall of Fame, over the next 25 years. Additionally, a total of 13,375 new full and part-time jobs will be created within the county during the peak year of the project.

But wait, there’s more.  The cumulative economic and fiscal impact of HOF Village on the State of Ohio estimated over a 25-year period include $4.8 billion cumulating net new personal earnings and $1.0 billion new cumulative tax revenues.

CSL’s analysis is the result of a yearlong study of the project. The methodology of the economic analytics focuses on direct spending that occurs in three ways: construction (materials, labor, design and professional fees), in-facility (direct spending generated by visitors and participation throughout HOF Village) and out-of-facility spending (direct spending away from HOF Village in the city, county and regional areas).

The complex is designed to include the Hall of Fame Museum; the Tom Benson Hall of Fame Stadium (Fawcett Stadium is the facility now adjacent to the Museum, where high school and college games are played as well as the HOF game); a hotel and conference center, the Hall of Fame NFL Experience, youth fields, a residential area, the Center for Excellence which will include athletic performance and safety center, coaches’ university and the Institute of Integrity for Officiating and a retail/restaurant/office space area.

Construction costs are estimated at $476 million, according to the Hall of Fame. The project is due to start this summer, with the first phase to open in 2019.

Hall of Fame plans for a Hall of Fame facility that could reshape the face, and the economy, of football-crazy northeast Ohio.

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