Economic study demonstrates $1.2B impact from soccer stadium

by: Orlando City Soccer Club Press Release Updated:

Orlando City Soccer Club President Phil Rawlins presents the results of the stadium economic impact study on Tuesday, October 9, 2012.
ORLANDO, Fla. —

Orlando City Soccer Club (OCSC) held a press conference on Tuesday, Oct. 9, at the Amway Center to present the Economic Impact Study the team commissioned from CS&L. The study showed that a new Major League Soccer (MLS) stadium would have a $1.2 billion economic impact on the local area. The presentation, led by OCSC President Phil Rawlins, was yet another step on the team’s journey toward an MLS franchise for Central Florida.

“We have a fantastic opportunity to bring a second major-league pro sports franchise to the city,” said Rawlins. “We need to grasp it with both hands and come together to make this work for the region.”

The report laid out the economic details on Orlando City’s goal of becoming a MLS franchise in the immediate future. The estimated cost of the new multi-purpose stadium would be $96 million. The new facility would generate new revenues of $1.2 billion over the next 30 years.

71% of the overall cost of the stadium would be spent locally in the Central Florida area, totaling $69 million. Construction of the facility would also create 890 jobs in the Orlando area.

USL teams, like Orlando, that have moved up to MLS have averaged a 325% attendance increase in their first season- making a strong statement that OCSC could draw big attendance numbers once in the MLS.

The proposed facility would also be able to host international friendly games, US National Team and NCAA Final Four soccer matches along with regional sporting events and concerts.