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Durango Exhibit 24: City of Durango, Colorado: Economic Impacts of Whitewater Recreation Final Report
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Durango Exhibit 24: City of Durango, Colorado: Economic Impacts of Whitewater Recreation Final Report
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7/22/2010 4:02:15 PM
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Water Supply Protection
Description
Durango RICD
State
CO
Basin
San Juan/Dolores
Water Division
7
Date
6/1/2006
Author
RPI Consulting
Title
Durango Exhibit 24: City of Durango, Colorado: Economic Impacts of Whitewater Recreation Final Report
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R 1 <br />City of Durango: <br />Economic Impacts of Whitewater Recreation <br />Final Report <br />2006 <br />Figure 17. <br />Estimated Economic Benefits of Animas River Events - Existing' <br />User Day Range' <br />irect Expenditure <br />Range" <br />Total Economic Impact " <br />p g <br />Range" <br />Low High <br />Low High <br />Low <br />High <br />Participants <br />426 885 <br />$ 88,608 $ 276,120 <br />$ . 226,836 <br />$ <br />706,867 <br />Estimated Total <br />Spectators 12 1250 4000 <br />Visiting Spectators 13 250 1200 <br />$ 40,250 $ 289,800 <br />$ 103,040 <br />$ <br />741,888 <br />Training Camps <br />45 250 <br />$ 9,360 $ 60,375 <br />$ 23,962 <br />$ <br />154,560 <br />Total <br />$ 353,838 <br />$ <br />1,603,315 <br />In addition to organized competitions and River festivals, the lower Animas hosts a number of <br />training camps for elite whitewater athletes. Again, average annual participants in these camps <br />have been conservatively estimated and their direct expenditures are modeled on per diem <br />expenditures as concluded in the 2005 Commercial River Use in Co %iado. <br />SECTION CONCLUSIONS <br />• The Animas River hosts at least two major events per year focused solely on <br />whitewater recreation. These events have a proven history of drawing significant <br />numbers of participants and spectators. <br />• The total beneficial value of participants at organized events likely ranges between <br />$226,836 and $700,000 +. <br />• The total beneficial value of spectators at organized events likely ranges between <br />$103,040 and $700,000 +. <br />• Training camps for elite whitewater athletes likely results in a total economic benefit of <br />$23,962 to $150,000 +. <br />• Total economic benefit of organized events, and training camps likely ranges from <br />$353,838 to over $1.6 million. <br />' All estimates annual totals <br />' The high and low estimates assume the presence of Animas River Days with 120 participants and one additional event. With the <br />low estimate adding the lowest participation rate of any (non animas River days event) in the 22 year event history. The high <br />participant range adds the highest participation rate (120) to animas River days. The low estimate assumes 2 day event (doubling <br />user days) the high estimate assumes 3 day event (trebling user days). <br />10 Direct expenditures are based on Colorado River Association daily expenditures (@ $104 per diem) as fees apply to the events and <br />the majority of competition participants are visitors. Visiting expenditures are not treated as commercial customers, rather direct <br />expenditures are based on Longwood's International 2000 Visitor Study with per diem expenditures @ $80.50. <br />11 Total economic impact is based on direct expenditures and the 2005 Colorado River Association 2.56 economic multiplier. <br />12 Spectator estimates based on periodic police estimates supplied (but undocumented) by John Brennan at significant events. Spectators, <br />generally, are not included in the economic impact analysis - only the estimated number of visiting spectators - see following footnote <br />13 Visiting spectators were conservatively estimated at 20% of total spectators for low range and 30% of total spectators at high range. <br />481 c.a M ju. s 1 <. 970.3829153 15 <br />
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