ECONOMIC IMPACT

As with many things in life, sometimes value is defined simply in terms of dollars and cents. While it is impossible to accurately predict the ultimate economic impact the Ecusta Trail will have on Transylvania, Henderson and surrounding counties, we will give you several snapshots to give a strong idea.

 

In 2012, the Friends of The Ecusta Trail, the City of Hendersonville, the Town of Laurel Park and DOT partnered to commission an economic impact study for the potential of the Ecusta Trail. The following data and comments are excerpted from the study.

 

One-time Return Resulting from Direct and Indirect Expenditures

$42 Million

 

Annual Return Based on Tax Revenues, Visitor Spending, Healthcare Cost Saving

$9.4 Million (not including any added benefit of additional businesses)

 

Estimated Cost to Construct the Trail

$9.9-$13.4 Million

 

One-time Return on Investment

$3.13-$4.24 for every dollar invested in the purchase and construction of the Ecusta Trail.

 

Executive Summary

Since the Ecusta Trail is not yet built, this begs the question...How good are these numbers?? Let's answer this question by looking at recent economic impact studies or similar nearby trails. As you review these excerpts, remember that the 2012 Study for the Ecusta Trail made a very conservative estimate that the trail would yield an additional 20,000 tourists annually to Transylvania and Henderson counties.

 

Virginia Creeper Trail - Abingdon, VA

Virginia Tech Study

112,000 out-of-town visitors annually visit the trail

54,000 of those spent at least one night while visiting

 

Northern Outer Banks Trail - Northeastern NC

NC DOT Study

680,000 out-of-town visitors annually visit the trail

102,000 of those came specifically to visit the trail

Up to $149 Million in annual economic impact

Annual FTE impact: 1,407 - 3,517 FTE jobs

 

Swamp Rabbit Trail - Travelers Rest, SC

Furman University Study

530,000 visitors in 2014

125,000 visitors came from outside of the Upstate area

 

American Tobacco Trail - Durham, NC

NC State University Study

508,000 visitors in 2014

147,320 came from outside of the Triangle area

 

Other Food for Thought

Consider that none of these studies ask the following questions:

How many supporting business will start as a result of the Ecusta Trail and what will there impact be on jobs and tax revenues?

 

What impact will the Ecusta Trail have on Transylvania and Henderson Counties in terms of attracting additional commercial and industrial prospects?  Current industries like Sierra Nevada, Oskar Blues, Sylvan Sports and Raumedic could have located anywhere in the Southeast, but chose Henderson and Transylvania Counties because of the quality of life.

 

CONTACT US

542 N. Oak Street

Hendersonville, NC 28739

 

828-692-2450

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