Johnson Consulting - Real Estate Consulting

Project Highlights

  • High profile study performed for the Chamber and CVB
  • Researched existing studies on the economic impact of new ballparks and developed a methodology for measuring the incremental increase in impact compared to the current ballpark
  • Total direct, indirect and induced impact of $502.5 million ($185.6 million from outside the state); an incremental increase of $204.3 million over the current ballpark ($65.5 million from outside the state)
  • 7,217 jobs supported within the State (2,629 jobs supported by spending from outside the state), an incremental increase of 3,085 jobs (1,032 by spending from outside the state)

 
The Greater Boston Convention and Visitors Bureau and the Greater Boston Chamber of Commerce engaged C.H. Johnson Consulting to analyze the potential economic, real estate, and fiscal impacts associated with the development of a new baseball ballpark for the Boston Red Sox.

Boston’s proximity to Rhode Island and New Hampshire, and the appeal of Red Sox games throughout New England, results in a relatively high percentage of out-of-state attendees at the ballpark. This infusion of attendees results in a significant amount of new spending in the City of Boston and the Commonwealth of Massachusetts economies. Rather than simply transferring local spending from within the City and State economies, Red Sox games attract considerable new spending from outside these areas, because Massachusetts is such a small state.

Our report independently analyzed the economic impacts associated with the current and proposed ballpark. Our analysis included estimates of direct spending, indirect and induced spending (the multiplier effect), and employment for both the spending related to the games and the construction of the new ballpark. The analysis is serving as one of many pieces of information that will help both public and private sector participants understand the economics of the proposed ballpark, thereby providing a basis for making capital investment decisions.