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7 C Progress Report Morris PAC
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7 C Progress Report Morris PAC
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The Morris Performing Arts Center <br />Abstract <br />Results of this study found the total indirect economic <br />impact of the Morris to be at least $5.9 million, given <br />an anticipated attendance of 165,000 in 2007. This <br />^venerates veer e'2C2 nnn in (+also tqv rn`�nnl orl,4 <br />r, WJJ ✓,VVV 111 0 VJ tAl1 1 V Y Vl 411 .1 <br />significantly contributes to the economic lifeblood of <br />local businesses. <br />Executive Summary <br />The Morris Performing Arts Center is located in the heart of downtown South Bend, Indiana. It <br />is home to the Broadway ThPatPr L.eag�lP; the So�?th Rend Symphony QrchPstra; and the <br />Southold Dance Theater. The Morris is also the owner of the Palais Royale, South Bend's <br />premier banquet facility. The Morris is a strategic component in the promotion of tourism and <br />economic development and the general revival of the downtown South Bend area. <br />The Morris Performing Arts Center requested Professor Jerome L. McElroy to examine the <br />feasibility of producing an updated and expanded economic impact study based on the 2004 <br />work by the Graduate Sch�oyyol of Management, University of Dallas. He then 'di``r/ected my <br />llLZ V1ident study to detel^11i11e the potential indirect eV011oml^ imp4Vt of the i`i l�1r111J Vll 1VV41 <br />businesses. My approach was to survey patrons of the Morris Performing Arts CVenter (PAC), <br />local businesses, and patrons of the Palais Royale. <br />Rcsuits of this study found the total indirect economic linpacit of the Morris to be at least $5.9 <br />million, given an anticipated attendance of 165,000 in 2007. This generates over $353,000 in <br />sales tax revenue and significantly contributes to the economic lifeblood of local businesses. <br />urvey results showed patrons the Niorris PAC, excluding the cost of awl nission, have a <br />$5,563,800 million indirect economic impact on the local business community. These findings <br />are based on an expected attendance of 165,000 guests in 2007 (ticketed and non - ticketed <br />events — paid and complementary attendance). A breakdown of total spending by category is <br />included in Figure 1. <br />The Morris projects $19,000 to be spent by `runners,' (on -hand staffing of performers who run to <br />pick up necessities, such as food, dry cleaning, office supplies, etc.) in 2007. This is based on an <br />average 19 runners in 2006 and an average spending of $1000 per runner. The Morris also <br />provided information on performing groups which utilize overnight accommodations. The <br />average number of performing groups which utilize hotels is 31. The average number of rooms <br />used by each show is four, and at a mean cost of $89 /room, this is $11,036 additional spending in <br />relation to Morris events. <br />In 2007, the Palais Royale estimates the sale of $290,000.00 in food and beverages obtained <br />from local venders during the year's events. This amount summed with the $5.6 million <br />projected spending by Morris patrons, the $19,000 spent by runners, and the estimated $11,036 <br />spent on hotels by performing groups equals a total projected indirect economic impact of <br />$5,883,836 generating $353,030.16 in sales tax revenue. <br />
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