Collegiate Consulting Completes Economic Impact Study for Winona State University
WINONA, Minnesota (April 26, 2018) – Collegiate Consulting recently completed an economic impact analysis for Winona State University. The scope of the project was to determine the financial impact of increasing capacity of Altra Federal Credit Union Stadium from a capacity of 3,500 to 7,000 as well as construction of a new athletic field house.
Specific elements included the impact of summer camps; athletic and non-athletic events hosted at WSU; concessions; ticket revenue; non-athletic revenue and visitor/opponent impact on the City and campus. Overall, through the direct and indirect impact analysis, WSU athletics has an overall impact of nearly $21 million in gross revenue.
Since the releases of the study, athletics has used the report “extensively,” commented director of athletics Eric Schoh. “The Collegiate Consulting project was part of our current campaign is to raise $5M to renovate the stadium. The economic impact study has become part of our fundraising appeal and utilize that study to show the impact of our vision.”
The economic impact study was the second project completed for Winona State by Collegiate Consulting. A decade earlier, Collegiate Consulting was retained by WSU to conduct a comprehensive feasibility study for the construction of an on-campus arena.
In addition, Collegiate Consulting has conducted economic impact/benchmarking studies in recent years for SIU – Edwardsville (naming rights valuation); University of Utah (media rights valuation); New Mexico State (external revenue valuation); Stetson University and University of West Florida (economic impact of starting football) and Simon Fraser (economic impact of starting hockey).