Sunday, May 15, 2011

Browns Generate $79 million for Greater Cleveland Area

Browns have a huge affect on local economy

NFL teams have a tremendous effect on their cities local economies and the city of Cleveland is no different.  A survey that consists of 437 Cleveland Browns fans during the last three Browns home games revels that the Browns organization has a $70 million annual economic impact to the greater Cleveland area.  The $79 million figure consists of spending for hotels, pre and post game activities, tickets, and concessions during eight home games.  Carole F. Hoover the president and chief executive officer of the Greater Cleland Growth Association, says, “"This new figure reveals just how important the Cleveland Browns are to our local economy -- even more so than was originally estimated during the sin tax extension campaign,"

The survey mainly analyzes money that was spent by out of town fans that live outside the eight-county CMSA region of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, and Summit counties.  The survey says that ninety-seven percent of the out of town fans (38,150) are there to see the game and eight percent of those fans say they stop for food on their way to and from the games.   Local Merchants also see a large amount of money at $8.3 million annually for pre and post game spending.  For each home game about 15,500 hotel rooms are rented by non-local fans and at around $85 per room the hotel industry sees an impact of $21.8 million annually.
"CLEVELAND BROWNS HAVE A $79 MILLION ECONOMIC IMPACT ON LOCAL ECONOMY." The Free Library. Web. 11 May 2011. <http://www.thefreelibrary.com/CLEVELAND+BROWNS+HAVE+A+$79+MILLION+ECONOMIC+IMPACT+ON+LOCAL+ECONOMY-a017770705>.

Browns. Photograph. Allsportslogos.com. Web. 15 May 2011. <http://www.sportslogos.net/images/logos/7/155/full/2ioheczrkmc2ibc42c9r.gif>.

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