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05-17-2007 Now performing at the Morris: A $5.9 million impact
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05-17-2007 Now performing at the Morris: A $5.9 million impact
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who has contributed the most to the overall life of the Department of Business <br /> Administration and Economics, and the Outstanding Achievement Award in Economics, <br /> its highest honor. Her work was conducted under the direction of Professor Jerome L. <br /> McElroy at the Department of Business Administration, Economics and Mathematics at <br /> Saint Mary's College. McElroy also coordinated the economic impact study for the <br /> Century Center. <br /> Oberst completed the survey for under $100. <br /> The study focused on three distinct audience groups: <br /> • Nearly 6,000 patrons of the Morris Performing Arts Center, who received an e- <br /> mail invitation to an online survey. The 922 responses represented a 15 percent <br /> response rate. <br /> • Telephone interviews with nearly 100 local businesses, whose services are <br /> impacted by Morris events. <br /> • Surveys of about 200 visitors to an event at the Palais Royale. <br /> In 2004, a study by the University of Dallas Graduate School of Management found that <br /> Morris patrons have a $3.12 million indirect economic impact on South Bend, excluding <br /> the cost of admission and spending by Palais Royale visitors. The study concluded that in <br /> 2004 an anticipated 156,000 visitors would have a $3.12 million indirect economic <br /> impact on the city, excluding cost of admission. <br /> The current findings, adjusted for inflation, are within 5 percent of the projected <br /> economic impact by Americans for the Arts for a city with a population size similar to <br /> South Bend. <br /> In addition, the Saint Mary's survey of businesses noted that 23 percent of businesses <br /> required additional staffing in conjunction with events at the Morris. More than 80 <br /> percent of those businesses pay average gross wages of$6 to $8 per hour. <br /> Built for more than $1 million in 1921 as the Palace Theater,the Morris underwent a 26- <br /> month, $17.4-million renovation before reopening in February 2000. Since reopening, the <br /> Morris has hosted around 100 events annually. It now ranks 38th worldwide based on <br /> total ticket sales, according to Pollstar, the concert industry's leading trade publication. <br /> The Morris also received the 2006 Prime Site Award from Facilities Magazine for its <br /> "outstanding service to event clientele." Last month, the Morris Bistro shared in the first <br /> interior improvement Pride of Place Award from DTSB. <br /> The Palais Royale Ballroom originally opened in February 1922. It was used as a disco <br /> and a boxing arena before closing in 1968. Restoration began in December 2001 and the <br /> Palais reopened on New Year's Eve 2002 after a$6.9-million public-private renovation <br /> effort. Last month, the Palais Royale received DTSB's first Pride of Place Award for <br /> historic preservation. <br /> - 30 - <br />
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