Sprint Center Adds More Than $660 Million to Missouri Economy in Five Years
Kansas City, MO (June 24, 2013) – An economic impact study released today shows that Sprint Center generated more than $660 million in added economic output and helped create 1,361 annual average jobs in the state of Missouri since its opening in October 2007. The study, released by Sprint Center and conducted by Development Strategies, Inc., detailed the impact to the area and state economy since Sprint Center began operations five years ago.
The study outlines the employment and financial impact of Sprint Center in three local economies: the City of Kansas City, Mo., the State of Missouri, and the Kansas City metropolitan area.
“These numbers speak to the tremendous economic impact Sprint Center has on Missouri on a year-to-year basis,” said Katie Steele Danner, director of the Missouri Division of Tourism. “We’re thrilled that Sprint Center continues to host world-class events that generate revenue for Kansas City and the State of Missouri.”
Highlights from the study include:
• Sprint Center attracted 5.6 million visitors during the five years since opening in October 2007.
• Taxes generated for the Missouri state treasury from this economic activity were estimated at $19 million.
• Taxes generated for the City of Kansas City were estimated at more than $9 million.
• Sprint Center directly employs more than 500 people and supports an additional 830 jobs in the bi-state metropolitan area and an additional 858 jobs through the State of Missouri.
“We are so proud of the success Sprint Center as a job creator and a revenue generator,” said Brenda Tinnen, Sprint Center General Manager and Senior Vice President. “The economic impact of the venue on local and state economies reinforces the sound investments made by AEG and the City of Kansas City in Sprint Center. We look forward to many more years of exciting entertainment that continues to spur growth and opportunity for our community.”
"Sprint Center has brought the spotlight to Kansas City for five great years. It opened as a collaboration of some of our city's best design firms highlighting our talent to the world. As each performer takes the stage in front of sold out crowds, the Sprint Center has become exactly what we set out to build --- a world-class arena bring world-class acts to Kansas City. It is the anchor for our rebuilt and revitalized downtown. Kansas City is proud to wish Sprint Center a happy anniversary," said Mayor Sly James.
The economic impact study calculated the economic multiplier for Sprint Center at 1.97 – for every $1.00 of spending related to Sprint Center, $1.97 in economic activity is generated.