Tag: economic benefits

    Big projects, big impact

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    From the Niagara Falls Review:

    Some of the city’s biggest and long-awaited building projects will either be completed or closer to completion in 2011.

    The Scotiabank Convention Centre, currently under construction about 500 yards from the Canadian Horseshoe Falls on Stanley Ave., is scheduled to host its first event — a home and garden show — April 8, 9 and 10.

    The 288,000-square-foot facility will feature an 82,000-square-f oot exhibition hall, a 17,000-square-foot ballroom, an intimate 1,000-square-foot seat theatre and 26,500-square-feet of meeting space.

    Officials expect the centre to have a major impact on tourism and broader economic benefits for the region.

    Study shows economic activity of Niagara’s Winter Festival of Lights is more than 40 times its price tag

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    From a press release seen on the Winter Festival of Lights web site:

    A detailed study of the 2009 Winter Festival of Lights found that the 59-day Festival generated $57.3 million in economic benefits for the region, more than 40 times the event’s fiscal year expenditures of $1.3 million.

    In its 42-page report, Toronto-based research firm Enigma Research Corp., concludes that the 2009 Festival received more than 1.3 million visits by 413,000 unique visitors. These visitors spent approximately $57.3 million in the region throughout the festival, including $11.6 million on hotels and accommodations. The Festival contributed $34.4 million to Niagara’s gross domestic product and supported the equivalent of 646 full-year jobs in the Niagara Region.

    The report is based on 600 on-site surveys conducted between November 7, 2009, and January 4, 2010, at the Festival’s lighting displays, fireworks shows, events and entertainment venues.

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