DOHERTY HAYES, LLC| ECONOMIC AND FISCAL IMPACTS OF THE PROPOSED LAWRENCE DOWNS CASINO AND RACING RESORT
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5.0 ECONOMIC AND FISCAL IMPACTS OF VISITOR SPENDING ATTRACTED BY LAWRENCE DOWNS 5.1 Overview A third and important way in which Lawrence Downs will generate impacts within the Region and Commonwealth is by attracting visitors to the Region and Commonwealth. In other words, Lawrence Downs will represent the importation of many visitors into the Region and Commonwealth, whose spending supports employment and generates tax revenue within the Region and Commonwealth.
5.2 Direct Expenditures from Visitor Spending This category of direct expenditures associated with spending by visitors is by far the most difficult one to estimate, because of the many relative unknowns: how many people will visit the proposed development, where will they come from, and what will they spend their money on. This analysis was informed by numbers provided by Endeka Entertainment and by consultants engaged by Endeka Entertainment in analyzing market demand and visitor composition, as well as by independent research and analysis. Three data points from a November 2009 report by the Innovation Group were used as a starting point. First is the number and geographic distribution of visitors to Lawrence Downs, as determined by capture rates from other nearby destinations. Based on that analysis, it is estimated that the proposed development will see about 2.91 million visitors per year, of which about 2.0 million will be coming from outside the Commonwealth (see Table 5.1).
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