No Royals World Series this year, but impact on KC economy is hard to measure

Championship success for Kansas City’s professional sports can be ephemeral. So, too, is the task of determining the impact these postseason runs have on the local economy.

When the Kansas City Royals’ dreams of reaching a third straight postseason run died in September — arguably earlier than that — it meant no national broadcasts in October showing blue-clad fans packing the Power & Light District.

But how, if at all, is it affecting the local economy? It may be difficult to measure.

Yes, Kansas City rode a sharp bump up in sales tax and other tax increases from October of the last two years. Convention and tourism taxes also followed a similar path. But there are several caveats in that sales tax data. One is the fact Kansas City increased its sales tax rate in 2014. Another is an improving economy.

Information from Visit KC — the metro area’s conventions and visitors agency — about October 2016 hotel occupancy and economic impact data, to compare to previous Octobers, won’t be available until early November, according to Visit KC spokeswoman Toni Alexander.
Read more: Kansas City Star

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students