Economic impact of proposed U District in Utica, NY

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THE ECONOMIC IMPACT OF

DISTRICT ON ONEIDA COUNTY

THE U DISTRICT

FISCAL BENEFITS UTICA COMMONS CASINO operated by the Oneida Nation

SPORTS TOURNAMENT AMERICAN FACILITY CRAFT BEER EXPERIENCE future host of tournament play

featuring a beer garden & museum

UTICA AUDITORIUM updated & renovated

ECONOMIC IMPACTS

$8 MILLION IN IMMEDIATE ANNUAL FISCAL BENEFITS

1.6 MILLION $30.6

MILLION Indirect Sales

annual visitors

$106.9 MILLION NET NEW ANNUAL ECONOMIC IMPACT

$76.4

MILLION New Visitor Spending

Gaming Revenue Property Tax Occupancy Tax Sales Tax

- $1.9 Million - $1.8 Million - $386 Thousand - $3.9 Million

each symbol = $250,000 in benefits

new visitor spending by venue: $26.7 MILLION

$15.4 MILLION

$32.3 MILLION

$2.0 MILLION

$10.6 MILLION in potential long-term annual property tax revenue (from induced development in adjacent districts)

1,168 JOBS leading to $35.8 MILLION IN ANNUAL EARNINGS

$

872 Direct & 296 Indirect Jobs = 40 jobs

Oneida County ocgov.net

Source: Economic & Fiscal Impact of the U District © 2018 Prepared by: Camoin Associates, Inc. www.camoinassociates.com


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