Toggle sidebar

FC: Study - Sports Events Generate More Than $400 Million in Economic Impact for Centre County

PSUJam

PSUJam

Well-known member
Oct 7, 2021
7,988
13,183
113
  • Like
  • Haha
Reactions: bbrown, Waaaaaaaany, oldpsubear and 4 others
StamfordBridgeVikingatLeftOffensiveTackle

StamfordBridgeVikingatLeftOffensiveTackle

Well-known member
Oct 12, 2021
1,785
3,024
113
BobPSU92 said:
It’s a conservative estimate.
Click to expand...

They could really use your support, Bob. Key takeaways from the blurb that will inspire you all over again are -

"The new Palmer Museum of Art at the Arboretum is a priority for University President Eric J. Barron, and with the support of the Board of Trustees, Penn State will be investing heavily to bring it to fruition."

"The new complex will be the only integrated art museum and arboretum among Big Ten institutions and one of the few in the nation, and it is likely to draw 200,000 visitors per year or more."

Do you think they're hedging their bets with "likely" and "or more?" Hmm.

I remember how excited you were about President Barron's watercolors when the news first broke. I hope you can recapture that enthusiasm and be a part of former President, now consultant to the President, Barron's dream. C'mon Bob. Art, Nature, Science, Beauty. Let it be your mantra.
 
  • Like
Reactions: BobPSU92
BobPSU92

BobPSU92

Well-known member
Oct 12, 2021
13,883
21,351
113
StamfordBridgeVikingatLeftOffensiveTackle said:

They could really use your support, Bob. Key takeaways from the blurb that will inspire you all over again are -

"The new Palmer Museum of Art at the Arboretum is a priority for University President Eric J. Barron, and with the support of the Board of Trustees, Penn State will be investing heavily to bring it to fruition."

"The new complex will be the only integrated art museum and arboretum among Big Ten institutions and one of the few in the nation, and it is likely to draw 200,000 visitors per year or more."

Do you think they're hedging their bets with "likely" and "or more?" Hmm.

I remember how excited you were about President Barron's watercolors when the news first broke. I hope you can recapture that enthusiasm and be a part of former President, now consultant to the President, Barron's dream. C'mon Bob. Art, Nature, Science, Beauty. Let it be your mantra.
Click to expand...

Be right back.
 
  • Haha
Reactions: StamfordBridgeVikingatLeftOffensiveTackle
BobPSU92

BobPSU92

Well-known member
Oct 12, 2021
13,883
21,351
113
oldpsubear said:
Last I knew hotel prices were 300 a night two night min They worse now??
Click to expand...

I‘m sure they are quite a bit more in State College now, especially if you don’t book in advance. My wife and I got a room at the Quality Inn in Lamar for the CMU weekend cheap — $340 total for two nights. We booked the room in August. We wanted to stay at the Hampton Inn in Lamar since it is nicer, but they were full. My wife called the Hampton Inn again last Thursday looking for a cancellation, and they quoted around $800 for two nights.

By the way, it looks like they are building some new hotels off Rt. 26 towards Lemont. We saw the construction on a hill off Rt. 26.
 
  • Like
Reactions: Bison13 and step.eng69
OuiRPSU

OuiRPSU

Well-known member
Oct 6, 2021
824
1,100
93
From my understanding of how economists assess value, increased value/economic benefits cannot be claimed if people who visit a venue (such as an art museum/arboretum) were already coming to a location (town/university) for other reasons. For it to actually add value, those 200,000 people (as https://artmuseum.psu.edu/support/ says) have to be coming primarily for it.
 
Last edited:
Woodpecker

Woodpecker

Well-known member
Oct 7, 2021
3,062
5,891
113
OuiRPSU said:
From my understanding of how economists assess value, increased value/economic benefits cannot be claimed if people who visit a venue (such as an art museum/arboretum) were already coming to a location (town/university) for other reasons. For it to add value, people have to be coming primarily for it.
Click to expand...
Some of those museum-goers might pop by to check out a football game.
 
  • Like
Reactions: Bison13 and BobPSU92
PSUJam

PSUJam

Well-known member
Oct 7, 2021
7,988
13,183
113
oldpsubear said:
Last I knew hotel prices were 300 a night two night min They worse now??
Click to expand...
VS. Maryland on November 12th with 2 night minimum. Good luck finding any games during the warmer weather or good opponent.

Screenshot_20220928-091109_Chrome.jpg
 
BobPSU92

BobPSU92

Well-known member
Oct 12, 2021
13,883
21,351
113
OuiRPSU said:
From my understanding of how economists assess value, increased value/economic benefits cannot be claimed if people who visit a venue (such as an art museum/arboretum) were already coming to a location (town/university) for other reasons. For it to actually add value, those 200,000 people (as https://artmuseum.psu.edu/support/ says) have to be coming primarily for it.
Click to expand...

Busloads of elementary school kids from Centre and surrounding counties will be flooding University Park expressly to visit the new art museum. Huge economic impact.
 
  • Like
Reactions: PSUJam, Bison13 and StamfordBridgeVikingatLeftOffensiveTackle
OuiRPSU

OuiRPSU

Well-known member
Oct 6, 2021
824
1,100
93
BobPSU92 said:
Busloads of elementary school kids from Centre and surrounding counties will be flooding University Park expressly to visit the new art museum. Huge economic impact.
Click to expand...
Not unless they come with their parents’ credit cards. Even so, you can’t include spending of Center County residents in Centre County as a benefit to Centre County since the assumption is that county residents who spend money at the Arboretum would have spent that money somewhere else in Centre County anyway. All it really does is change where money is spent and who actually gets it.
 
Last edited:
  • Like
Reactions: BobPSU92
step.eng69

step.eng69

Well-known member
Oct 12, 2021
2,370
3,352
113
StamfordBridgeVikingatLeftOffensiveTackle said:
www.statecollege.com

Sports Events Generate More Than $400 Million in Economic Impact for Centre County, Study Finds

A new study released on Tuesday confirms what you might have already guessed: sports are a big economic boon to Centre County. Sporting events generate an
www.statecollege.com www.statecollege.com
Click to expand...
MN, I’m glad to hear about the added income to the State College community. Kar and I love State College and the surrounding area, wish we could relocate there in a retirement community.

I was very fearful that the 2019 & 2020 collapse to local businesses was going to take a long time to rejuvenate. I do understand that many shops didn’t survive, but appears the PSU cash cow is again creating opportunities for new businesses.

Although I drink bourbon like water going thru a fishes gills, I’m really disappointed that the Beaver will be selling beer and possibility spirits. I hope Lupert’s proposed casino doesn’t undermine the quality of living in the area, I also hope the additional monies it generates for the community will be worth it.
 
  • Love
Reactions: StamfordBridgeVikingatLeftOffensiveTackle
StamfordBridgeVikingatLeftOffensiveTackle

StamfordBridgeVikingatLeftOffensiveTackle

Well-known member
Oct 12, 2021
1,785
3,024
113
step.eng69 said:
MN, I’m glad to hear about the added income to the State College community. Kar and I love State College and the surrounding area, wish we could relocate there in a retirement community.

I was very fearful that the 2019 & 2020 collapse to local businesses was going to take a long time to rejuvenate. I do understand that many shops didn’t survive, but appears the PSU cash cow is again creating opportunities for new businesses.

Although I drink bourbon like water going thru a fishes gills, I’m really disappointed that the Beaver will be selling beer and possibility spirits. I hope Lupert’s proposed casino doesn’t undermine the quality of living in the area, I also hope the additional monies it generates for the community will be worth it.
Click to expand...
You're a good man, step, and a helluva engineer!

A recent article on the BOT and the College Township Casino -

www.statecollege.com

Penn State Trustees Won't Take a Position on Nittany Mall Casino

While some community members have called on Penn State's trustees to take an official position on the proposed Nittany Mall casino that has some worried
www.statecollege.com www.statecollege.com
 
  • Wow
Reactions: step.eng69
BobPSU92

BobPSU92

Well-known member
Oct 12, 2021
13,883
21,351
113
OuiRPSU said:
Not unless they come with their parents’ credit cards. Even so, you can’t include spending of Center County residents in Centre County as a benefit to Centre County since the assumption is that county residents who spend money at the Arboretum would have spent that money somewhere else in Centre County anyway. All it really does is change where money is spent and who actually gets it.
Click to expand...

Child admissions: $50
Box lunch (sammich, apple slices, juice box): $35
Make your own art: $30

The money will flow in like wine.

Also, PSU has their own sound methodology for determining economic impact. Thorndike and her cohorts got this.
 
  • Like
Reactions: OuiRPSU and Bison13
StamfordBridgeVikingatLeftOffensiveTackle

StamfordBridgeVikingatLeftOffensiveTackle

Well-known member
Oct 12, 2021
1,785
3,024
113
BobPSU92 said:
Child admissions: $50
Box lunch (sammich, apple slices, juice box): $35
Make your own art: $30

The money will flow in like wine.

Also, PSU has their own sound methodology for determining economic impact. Thorndike and her cohorts got this.
Click to expand...
Also, former president and now consultant to the president Barron could offer to give watercolor lessons at say $250/hour.
 
  • Like
  • Angry
Reactions: Bison13, BobPSU92 and step.eng69
J.E.B

J.E.B

Well-known member
Oct 30, 2021
1,447
1,889
113
StamfordBridgeVikingatLeftOffensiveTackle said:

They could really use your support, Bob. Key takeaways from the blurb that will inspire you all over again are -

"The new Palmer Museum of Art at the Arboretum is a priority for University President Eric J. Barron, and with the support of the Board of Trustees, Penn State will be investing heavily to bring it to fruition."

"The new complex will be the only integrated art museum and arboretum among Big Ten institutions and one of the few in the nation, and it is likely to draw 200,000 visitors per year or more."

Do you think they're hedging their bets with "likely" and "or more?" Hmm.

I remember how excited you were about President Barron's watercolors when the news first broke. I hope you can recapture that enthusiasm and be a part of former President, now consultant to the President, Barron's dream. C'mon Bob. Art, Nature, Science, Beauty. Let it be your mantra.
Click to expand...
it won't be a destination on its own but it will add to the list of things to do in HV for both visitors and residents.
 
  • Like
Reactions: BobPSU92
GrimReaper

GrimReaper

Well-known member
Oct 12, 2021
5,563
7,572
113
StamfordBridgeVikingatLeftOffensiveTackle said:
www.statecollege.com

Sports Events Generate More Than $400 Million in Economic Impact for Centre County, Study Finds

A new study released on Tuesday confirms what you might have already guessed: sports are a big economic boon to Centre County. Sporting events generate an
www.statecollege.com www.statecollege.com
Click to expand...
So PSU spent a pretty penny to commission this study. Anyone want to guess why? Here's mine:


 
  • Like
  • Haha
Reactions: PSUFTG and StamfordBridgeVikingatLeftOffensiveTackle
You must log in or register to reply here.

Latest posts

Top Bottom