Press conference held to discuss economic impact study - KSFY News - Sioux Falls, SD News, Weather, Sports

Press conference held to discuss economic impact study

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The AECOM Economic Impact Study was released on April 22 listing estimated numbers to compare both proposed events center locations. One of the big findings was based on operating costs.

"There could be significant difference in the cost of operating the events center depending on the location," city planner Mike Cooper said.

The report estimated a savings of $680,000 in operating costs if the facility was build at the arena location. They say that site would just be more convenient to save money, and people.

"When you have buildings on one site, whether it's part time or full time staff, numbers would be less. Extra landscaping needs, extra material handling equipment. All of these things are exceedingly expensive," SF Arena GM Terry Torkildson said.

From a city-wide perspective, Teri Ellis-Schmidt says Sioux Falls lost out on several specific events because of the limited facilities available. She says the city is losing money by turning them down.

"We lost them all because of insufficient space They would have totaled 21 days and $4,316,000 in economic impact," Ellis-Schmidt said.

She says an events center at the existing arena location would create jobs, sales tax and more opportunity.

"It's simply economic development that needs to happen for this community," Ellis-Schmidt said.

The entire team wanted everyone to know they're not advocating either location.

"If the economic impact at the end of the day had said it would be better downtown after taking into consideration all the revenues and operational savings, then build it downtown. We're a private operational company, we manage downtown, we manage here. We will manage wherever you build it. But that's been our stance from the get-go. This is the info. This is not something we're making up," Global Spectrum GM Scott Kavanaugh said.

For the AECOM Economic and Development Impact Analysis, click on the following link: http://www.siouxfalls.org/~/media/documents/event_center/AECOM_impact_study.ashx

 

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