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City of Henderson releases economic impact study results for proposed arena

Posted at 2:29 PM, May 06, 2020
and last updated 2020-05-07 02:50:26-04

The City of Henderson today released the results of a recent economic impact study and analysis of the proposed Henderson Event Center that, if approved, would replace the aging and challenged Henderson Pavilion on S. Green Valley Parkway with a 6,000-seat enclosed venue that would be used for events of all kinds, including serving as the game day home of an American Hockey League team owned by an affiliate of the Vegas Golden Knights.

PREVIOUS STORY: Hundreds protest proposed Henderson Event Center location after favorable survey

The economic impact study, developed by Applied Analysis, Southern Nevada’s leading market research firm, indicates the following:

Construction of the proposed Henderson Event Center would:

- Generate a one-time economic output of $142.1 million

- Generate the equivalent of 1,017 full-time jobs during construction

- Support wages and salaries of approximately $38.2 million

Ongoing operations of a proposed 6,000-seat enclosed venue that would be programmed with approximately 34 minor league hockey games annually and dozens of community events, including high school and college graduations, cultural and performing arts productions by groups such as the Henderson Symphony Orchestra and other events would:

- Generate annual economic impact between $17.2 and $26 million

- Generate annual wages and salaries of venue personnel between $6.3 and $9.4 million
- Generate between 159 and 234 jobs annually

The economic impact study follows the release last week of the results of a statistically valid survey conducted by Discovery Nevada, an independent market research firm and a partnership of Applied Analysis and Discovery Research Group. The survey found that:

- 71 percent of Henderson residents believe the project, as proposed, would be good for Henderson

- 71 percent thought a minor league hockey team would be good for the City

- 69 percent of respondents either “strongly support” or “somewhat support” the redevelopment of the Henderson Pavilion into an enclosed, 6,000-seat entertainment venue

The City of Henderson will host a virtual town hall meeting on the proposed Henderson Event Center on Wednesday, May 6th at 4 p.m.

For a link to connect to the meeting and to submit questions, visit the home page of HendersonEventCenter.com.