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W <br />City of Durango: Economic Impacts of Whitewater Recreation Final R.p" 2006 <br />Figure 23 Total Economic Benefits of Events 2015 <br />Estimated 2015 Total Event Estimated 2015 Total Event <br />Econom Impact Low Ec o n omic Imp High <br />Lower Animas River - 4 <br />$ 707,662 $ 3,206,630 <br />Major Ev ents Annually <br />2015 TOTAL ESTIMATED ECONOMIC IMPACTS OF WHITEWATER RECREATION <br />The total 2015 low /high range economic benefits of whitewater recreation are displayed in Figure <br />24. Steady increases in commercial client growth, events, and attraction of non - commercial <br />rafters and kayakers from across the state and nation should yield significant economic benefits. <br />Figure 24. 2015 Estimated Total Economic Impacts of Whitewater Recreation <br />MARKET SHARE <br />Another way of considering future or potential economic impacts of whitewater recreation is to <br />view the Lower Animas whitewater resource as a product that garners a certain share of the <br />consumers in a competitive market. A number of excellent and improved whitewater assets <br />exist in Colorado and throughout the nation that the Lower Animas River is in direct competition <br />with. Achieving minimum flow levels and improving the park may only act to sustain the <br />existing market share and future growth may be difficult to attain as other communities improve <br />their resources. However, given the demonstrated significant economic impact of existing use <br />outlined in the first five sections of this analysis - simply maintaining existing market share is <br />an important goal. Furthermore, the alternative is unenviable, as loss of market share to other <br />state and national River amenities due to inadequate flows and outdated recreation features will <br />result in a considerable ($23 million +) decrease of economic inputs and employment in the <br />Durango area. <br />SECTION CONCLUSIONS <br />• Water diversion and whitewater park improvements will dramatically increase the existing <br />boating season to 365 days. <br />2015 commercial boating, skills classes, and equipment rentals could yield between <br />$19.7 and $21.1 million annually in positive economic benefits to the Durango Region. <br />• 2015 non - commercial boating could yield between $2.5 and $3.6 million annually in <br />positive economic benefits to the Durango Region. <br />nis Twos s „ ". 970.382.9153 21 <br />2015 Estimates <br />Category of Impact <br />Low <br />High <br />Commercially Guided Rafting <br />$ <br />18,935,603 <br />$ <br />20,222,489 <br />Commercial Equipment Rentals & Classes <br />$ <br />847,970 <br />$ <br />905,599 <br />Non Commercial Boating <br />$ <br />2,553,114 <br />$ <br />3,647,570 <br />Event Use & Training Camps <br />$ <br />707,676 <br />$ <br />3,206,630 <br />Total Economic Impacts of Whitewater Recreation <br />$ <br />23,044,363 <br />$ <br />27,982,288 <br />Total Employment Associated with Whitewater Recreation (PTE) <br />591 <br />717 <br />MARKET SHARE <br />Another way of considering future or potential economic impacts of whitewater recreation is to <br />view the Lower Animas whitewater resource as a product that garners a certain share of the <br />consumers in a competitive market. A number of excellent and improved whitewater assets <br />exist in Colorado and throughout the nation that the Lower Animas River is in direct competition <br />with. Achieving minimum flow levels and improving the park may only act to sustain the <br />existing market share and future growth may be difficult to attain as other communities improve <br />their resources. However, given the demonstrated significant economic impact of existing use <br />outlined in the first five sections of this analysis - simply maintaining existing market share is <br />an important goal. Furthermore, the alternative is unenviable, as loss of market share to other <br />state and national River amenities due to inadequate flows and outdated recreation features will <br />result in a considerable ($23 million +) decrease of economic inputs and employment in the <br />Durango area. <br />SECTION CONCLUSIONS <br />• Water diversion and whitewater park improvements will dramatically increase the existing <br />boating season to 365 days. <br />2015 commercial boating, skills classes, and equipment rentals could yield between <br />$19.7 and $21.1 million annually in positive economic benefits to the Durango Region. <br />• 2015 non - commercial boating could yield between $2.5 and $3.6 million annually in <br />positive economic benefits to the Durango Region. <br />nis Twos s „ ". 970.382.9153 21 <br />