Facility development projects and events can be the result of capital investment from either the public or private sector or a public-private partnership, and the determination of public benefits, such as new spending, jobs created, income, and tax revenues are important factors in the decision to commit public resources or other forms of assistance and approvals. Our analyses help both public and private sector entities in planning these projects and understanding benefits and costs.
Types of Services
Economic and Fiscal Impacts of the XL Center
Hartford, CT | Client: Capital Region Development Authority
Stone Planning completed an economic and fiscal impact analysis of the XL Center, a 16,000-seat arena in downtown Hartford that hosts the University of Connecticut’s men’s and women’s basketball and hockey programs, and the Hartford Wolf Pack of the American Hockey League. The analysis quantified the operational and construction-related impacts generated to Hartford and Connecticut by the arena’s past operations and forecasted future operations following a potential $100-million renovation. The study included a comprehensive analysis of the arena’s past operations and a survey of local businesses and is being used by local and state stakeholders to help determine the future of the facility.
Economic and Fiscal Impacts of Lambeau Field and the Green Bay Packers
Green Bay, WI | Client: Green Bay/Brown County Professional Football Stadium District, Green Bay Packers
David completed an economic and fiscal impact analysis for the Green Bay/Brown County Professional Football Stadium District and the Green Bay Packers. The intent of the study was to address the incremental community impacts that are captured within Brown County from Lambeau Field’s expansion and redevelopment.
The comprehensive analysis addressed a number of issues, including the following:
In addition to the economic impact study, David has also provided a wide range of analyses related to the planned redevelopment of the district surrounding Lambeau Field (Titletown) and the stadium itself. He analyzed development potentials, operating economics, and economic impacts for a number of land uses that could potentially be supported by the local resident population as well as the extensive visitor base that attends Packers training camp and home games. Analyses included retail, cinema, youth sports facilities (as part of a redevelopment of the team’s training facilities), a new multipurpose expo center, a minor-league ballpark, a hotel, and improvements to Lambeau Field’s Atrium facilities and expansion of the stadium. Many of the planned improvements have since been built or are under construction.