Economic and Fiscal Impact Analysis of Phoenix Convention Center Expansion Project Attachment A.pdf
City of Phoenix — Economic Development and the Arts Subcommittee (2023-11-08)
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Sources: Arizona Auditor General, HVS Convention, Sports & Entertainment Facilities Consulting Attachment A Economic and Fiscal Impact Analysis of Phoenix Convention Center Expansion Project The no expansion figures represent the average annual level of Qualified Events assumed to have occurred had the PCC not undergone an expansion. The assumption is that the PCC without reinvestment, would have become functionally obsolete and unable to attract new events. For 2020 and 2021, the no expansion demand was adjusted to account for the COVID-related restrictions that stymied events at the PCC. The following figures illustrate differences in the number of Qualified Events, attendance at Qualified Events and occupied hotel room nights at Qualified Events between actual performance and the scenario in which the PCC did not expand. 0 10 20 30 40 50 60 70 80 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Number of Qualified Events No Expansion Actual 0 100 200 300 400 500 600 700 800 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Room Nights at Qualified Events (Thousands) No Expansion Actual 0 50 100 150 200 250 300 350 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Attendance at Qualified Events (Thousands) No Expansion Actual