Economic Impact
An Economic Impact Analysis report presented by the San Jose Redevelopment Agency and developed by the Conventions Sports & Leisure International (CSL)—a leading consultant in the convention, sport, entertainment and visitor industries—indicated that the City of San Jose would see strong financial benefits from the construction and operation of a Major League Ballpark.
- A new Major League Baseball ballpark in Downtown San Jose has the potential to generate approximately 1,000 new jobs and $130 million in ongoing economic benefit with a positive impact on the City of San Jose’s.
- With a fully operational facility in 2014, the ballpark would produce $130 million in annual economic impact and approximately 1,000 new jobs paying wages of more than $60 million, according to the report.
- Over a 30-year period, the cumulative economic impact would total $2.9 billion and personal wages paid exceeding $1.3 billion.
- The report found that the ballpark would generate $1.5 million per year net new tax revenues for the City’s General Fund and more than $1.9 million for other local agencies for affordable housing and Santa Clara County.
- Local hotels, restaurants, stores, and nightspots will benefit, with the average ballpark attendee anticipated to spend $47 at businesses outside of the Major League Baseball facility.