Atlanta Braves new spring facility to be huge boon to SW Florida
The Full Press Release
"Study Conservatively Projects Braves Spring Training will have $1.7 Billion in Economic Impact West Villages, FL — The new Atlanta Braves Spring Training Complex being developed in West Villages Florida in North Port is expected to generate more than $1.7 billion in economic impact during the 30-year contract with the team. On June 12, 2017, The West Villages Improvement District, along with Sarasota County, the City of North Port and the Atlanta Braves, filed a grant application with the State of Florida asking for $20 million to help with facility construction costs. The economic impact study is part of the application process. “This conservative impact study shows what a dynamic impact the Atlanta Braves Spring Training Complex is going to have on North Port, Sarasota County and the region,” said West Villages Improvement District Chairman Martin Black, AICP, ICMA-CM. “We know this stadium and the excitement of Major League Baseball have more than just an economic impact, it will truly touch this community for two generations or more.” The spring training complex will enhance and promote tourism while providing jobs and economic growth within the City of North Port and Sarasota County. The Stantec study goes into great detail explaining how the company came to its conclusions about the economic impact of the spring training complex. More from Tomahawk Take Braves News: Braves prospect rankings, Correa deal with Mets at risk, more Why the Atlanta Braves won’t extend Max Fried Atlanta Braves 2023 Preseason Top 30 Prospects List: 1-5 Braves News: Braves acquire Diaz, moves around the division, more Atlanta Braves 2012 Top Prospects Review: J.R. Graham “Using the Total Direct Annual Expenses … the indirect and induced effects were estimated using the multiplier provided in the 2009 Major League Baseball Florida Spring Training Economic Impact Study Report, to estimate a total economic impact resulting from Direct Expenses,” the report reads. The study looks at comparative Southwest Florida spring training facilities and even evaluates the fan base in segments to make sure the impact numbers reflect the real direct expenses. Conservatively, the study looks at the 6,500-seat stadium at a slowly rising attendance over the first 10 years of the deal. “To understand the long-term economic impact of Atlanta Braves Spring Training in West Villages, the total economic impact over the next 30 years was calculated, in net present value, assuming a conservatively steady annual attendance growth rate of 1 percent for the first ten years, to 2028, maintaining approximately 82 percent stadium capacity, for the following 20 years,” the study reads."
"About West Villages Florida The 15,500 acres that comprise the West Villages (www.MyWestVillages.com) are located adjacent to the Tamiami Trail corridor in South Sarasota County between the urban centers of the City of Venice and the City of North Port. The community is being developed by a partnership that includes Mattamy Homes (www.MattamyHomes.com), the largest privately owned home builder in North America, and Vanguard Land (www.VanguardLand.com), one of the region’s premier and well-respected land developers. In 2017 John Burns Real Estate Consulting named West Villages Florida the 4th fastest selling Master-Planned Community in the country."