Monday, October 31, 2011

Study: Downtown Arena Generates $7.7 Million Annually for Boise

Posted By on Mon, Oct 31, 2011 at 4:22 PM

A new study from Boise State's Center for Business Research and Economic Development said the CenturyLink Arena (formerly Qwest Arena) pumps nearly $8 million into the local economy each year. The arena's owners requested and funded the study.

According to the assessment, CenturyLink's three operations - the arena, the Idaho Steelheads hockey team and the Idaho Stampede basketball team - account for the equivalent of 50 full-time jobs. That's significant, said Boise State economics professor Don Holley, given that in Ada County, there are more than 12,000 firms and less than 5 percent have 50 or more employees.

The study indicated that the direct benefits of the arena's operations are felt in downtown Boise, primarily in bars and restaurants, but secondary benefits are spread throughout the Treasure Valley.

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