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  ECONOMIC/REVENUE IMPACT
   

Scottrade Center has produced substantial direct and indirect economic benefits for the St. Louis metropolitan area, both on a one-time basis during the arena's twenty-two month construction and on an ongoing basis now that the facility is complete and operational. These benefits are measured by the amount of spending, income and jobs associated with Scottrade Center, as well as by revenues provided to the City of St. Louis through various taxes. Direct and immediate benefits are derived from 1) spending by Scottrade Center for such expenses as employee salaries and the purchase of goods and services and 2) customer spending at Scottrade Center. Indirect, less obvious benefits are the result of Scottrade Center's ability to support jobs, income and spending by other businesses in the community.

The full impact of Scottrade Center's construction phase combined direct and indirect benefits and was determined by applying economic multipliers for output, income and jobs to the direct dollar spending on construction. The full impact of Scottrade Center's operations also combines direct and indirect benefits and is determined by applying economic multipliers for output, income and jobs to the total dollar volume of direct activity of operations. The following is a summary of the projected economic impact of Scottrade Center on the overall region, as well as of the projected additional revenue Scottrade Center will provide for the City of St. Louis.*

Type of Impact   Annual (Operation)   One-time (Construction)
Jobs   2,002   3,832
         
Output/Spending   $100.8 million   $273.7 million
Income   $41.6 million   $105.6 million
         
Revenue   $4,231,125**   $2,197,125

*Facts and figures regarding Scottrade Center's economic impact were provided in a February 1994 study by Donald Phares Economic Research.

**This summary includes taxes for personal property, tickets, earnings, sales and gross receipts on utilities.

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