vision2020@moscow.com: Re: Swim Pool Size

Re: Swim Pool Size

Neil Meyer (NMEYER@novell.uidaho.edu)
Tue, 24 Feb 1998 19:58:09 PST

The numbers used below are questionable. The only thing you can
count is value added locally. That is to say the part of value
added locally and purchased locally. For example a tank of gas
purchased locally for $20 would only add the labor and return to the
station owner if he/she is local. The majority woulfd go to purchase
the fuel and add nothing to local value added. The same goes for
other retail sales. THE ONLY PART WHICH HELPS LOCALLY IS THAT WHICH
IS PRODUCERED LOCALLY. Certainlty the meals purchased locally and
the lodging have high components of of local labor and other
services. The pool fees also would. Sales and income tax go to the
state as does fuel tax. Property tax stays local. The money spent
locally for the services and goods provided by other locals are all
you can count. Personally, when I see a multiplier greater than 2 I
am very suspect.

Neil Meyer

> From: "Jerry L. Schutz" <jschutz@moscow.com>
> To: <hodge@moscow.com>, <vision2020@uidaho.edu>
> Subject: Re: Swim Pool Size
> Date: Mon, 23 Feb 1998 19:23:57 -0800

>
> -----Original Message-----
> From: hodge@moscow.com <hodge@moscow.com>
> To: vision2020@uidaho.edu <vision2020@uidaho.edu>
> Date: Monday, February 23, 1998 8:22 AM
> Subject: Swim Pool Size
>
> >I am writing in response to the question several people have asked
> >concerning the size of a new pool
> >The major reason the pool committee could see for going to 50 m was for
> >competition. One or two swim meets a year did not justify the additional
> >expense. To increase from the proposed design to 50 m would cost an
> >additional $800,485.00.
>
> I disagree that you would only have 1-2 meets a year. The Inland Empire is
> lacking in adequate facilities to hold such competitions, and I would guess
> that we could actually draw 12 or more per year (with a covered 50m
> facility) within 3 years.
>
> The numbers:
> I would guess that there are at least 10 teams that would come to such an
> event. I would also guess that each team would have 10-15 members. Of
> those I would estimate 1.75 parents/family for each member. These attendees
> will spend at last estimate, $75/day per person in Moscow.
> 10 teams at 12 members each = 125.
> 125 competitors x 1.75 parents & family = 219 (218.75) = 344 total people
> attending x $75 = $25,800 of direct spending for a one day event. Now
> if you take that times 2 days that's $51,600 per event. Even if you use
> your estimate of 2 events per year that is $103,200 of additional money into
> our community.
>
> Understand that every dollar spent changes hands at least 5 times in Moscow
> before leaving the community(rollover) that makes $516,000 because of those
> two events. Take that annually over 10 years and you get 5,160,000 (That's
> millions folks)
>
> I have used figures that are below averages available from the
> Idaho Dept. of Commerce, Moscow Chamber of Commerce, and Dave Lavender at
> Moscow School District.
>
> Moscow looses because the pool committee didn't think it was worth the extra
> $800,000 investment in our community.
>
> Thank you Lois I just read your post on "Economics meets Swim Meet" and
> have formulated them here:
> Lois Melina's numbers:
> 400 swimmers x 1.75 FPE (Family Participant Equivalent) = 700
> 700+400=1100 persons
> 1100 persons x $75 = $82,500 x 2 days =$165,000.
> Rollover: $165,000 x 5 = $825,000.
> This is just ONE event!
>
> 2 events per year $330,000 direct spending!
> Rollover:$330.000 x 5 = $1,650,000! (That's MILLION again)
> 10 years = $3,330,000 direct spending at just 2 events per year
> Rollover = $16,650,000 (16.65 Million dollars)
> Just for $500-800,000 now.
>
> Economically there is no way the committee can recommend a 25m pool and
> expect Moscow to support it. 50 Meters it's the only way to go.
> Jerry L. Schutz
>
>
>

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This archive courtesy of:
First Step Internet