Friday, May 10, 2013

The Fiscal impact of the project

With this huge project almost being done, that 42,000 dollar study estimated that the Fiscal impact of taxes to local and state government from training camp and packers game totaled to be a in the range of seven to nine million dollars.  With the study lasting 10 years they project the final amount around 75-90 million over that span of time.  Like i said in a previous post the Packers pay for everything and will not take donations or other public funds.


Berg, Katherine F. "Lambeau Field Renovation Enters 2nd Phase." Packersnews. Packers, 4 July 4. Web. 12 May 2013.

https://alsd.com/content/economic-impact-study-lambeau-field-says-seating-expansion-could-generate-additional-17-mill

With plenty of land around Lambeau Field and plenty of demand for seats, the Green Bay Packers believe that they can pursue development opportunities and bring in more money for the local economy. The team's atrium (top right in photo) has helped increase the team's revenue and economic impact.

Since the last renovation in 2003

Since the addition of the 10,000 new seats, those seats will create a 17,000,000 in spendings PER year.  The last redevelopement which was in 2003 only seated around 62,300.  With the additions of these seats it has impacted 110,000,000 dollars more.  They think the next renovations will be early 2020's, and that will add even more seats and then rerenovate the outside. 


Hendrix, Gary J. "Packers to Announce Stadium Renovations." WLUK TV. Fox, 9 Apr. 2011. Web. 12 May 2013.

http://www.packers.com/tickets/seating-diagram.html

Thursday, May 9, 2013

Fun facts about the renovation

Lambeau Field was just renovated they DID NOT create a whole new stadium.  The Packers and the Bears renovate their stadiums, but have not created a new one.  They also purchased 28 acres of land near the stadium, they will use that as part of their training camp.  10 Packer home games in 2009 had an economic impact on Brown County of 124 million dollars.  The Packers first game at home next season is again RG3 and the Redskins in 2013.

http://www.packers.com/media-center/photos/training-camp.html


Hendrix, Gary J. "Packers to Announce Stadium Renovations." WLUK TV. Fox, 9 Apr. 2011. Web. 12 May 2013.

How much the Packers will make per home game in 2013

With the addition of these 10,000 new seats it is an estimated that the Packers will make roughly 12.3 million dollars.  The Packers have 8 regular season games at home and will have atleast 2 home games in the playoffs because they will get the number 1 seed.  For training camp its estimated that the packers will make between 5-6 million dollars.  A 42,000 dollar study was done to come up with these figures, this study will last the next 10 years to track how much money they will actually make.  The link below is huge and has a ton of information, but thats the study. 


http://www.packers.com/assets/docs/2010economic_impact_report.pdf


Hendrix, Gary J. "Packers to Announce Stadium Renovations." WLUK TV. Fox, 9 Apr. 2011. Web. 12 May 2013.

What is all included in renovations

The Oneida Nation Gate which is an enterance into the stadium will have an expanded plaza extending into the east parking lot. A tunnel under the plaza will lead to a player parking area. A new entrance at parking lot level on the east side, with an escalator providing access to the main floor of the Atrium.New player facilities in the lower level of the stadium, including strength and conditioning rooms and a 35-by-50-yard practice walk-through area.  They will also have a new Pro shop inside of the stadium. 


http://www.greenbaypressgazette.com/article/20130416/GPG03/304160478/Lambeau-Field-renovation-enters-2nd-phase




Johnson, Dwayne M. "Lambeau Field." News RSS. N.p., 9 Jan. 2009. Web. 12 May 2013.

Wages and Tax revenues etc

This project alone created 60,000,000 dollars in wages, and like i said before a majority of it stays locally in Wisconsin.  15.2 million dollars were in tax revenues alone.  The Green Bay Packers paid for every cent that these renovations cost, no donations or public money was spent in support of these new additions.  Everything will be built and ready for the Packers upcoming season in 2013, including training camp which will start in the summer. 






Johnson, Dwayne M. "Lambeau Field." News RSS. N.p., 9 Jan. 2009. Web. 12 May 2013.

 http://www.wausaudailyherald.com/article/20130422/WDH0101/130422011/Lambeau-Field-work-advances




Brown County

95 percent of the companies that are on this project are from the local county of Brown.  The other 5 percent were a combination of companies from Indiana, Georgia and Oklahoma.  An estimated impact on the local economy was roughly 282 million dollars just off of this one renovation.  124 million of the 282 million was earned.  Brown county has a popultion of 241,000, this job alone got 2,560 jobs created most of which came from Brown. 



Johnson, Dwayne M. "Lambeau Field." News RSS. N.p., 9 Jan. 2009. Web. 12 May 2013.

http://en.wikipedia.org/wiki/Brown_County,_Wisconsin