Sport Event Planning Total Economic Impact

Pretend you work for the Sport Commission in Columbia, South Carolina. You are tasked with reviewing the economic impact of a conference championship event proposal. The event organizer is asking for $500,000 to bring the event to your local community and predicts the events will make an economic impact of $1,253,650. 6 Day College Athletic Conference Championship Economic Impact 375 athletes x $85 average spending per day (food & lodging) = $31,875 x 6 days = $191,250 104 staff, coaches & officials x $100 average spending per day = $10,400 x 6 days = $62,400 10,000 fans x $100 average spending per day= $1,000,000 x 1 Week = $1,000,000 Total Economic Impact = $1,253,650 Review the calculations in the proposal above submitted by the event organizer. In the space below discuss three potential red flags you see in the calculation (9 points) Responses must be posted using full sentences with attention to spelling and grammar