Pirates Success Leads to Fiscal Success for Pittsburgh

  • Pirates Success Leads to Fiscal Success for Pittsburgh

     
    POSTED October 8, 2015
     

While the Pittsburgh Pirates are done for the series, they did qualify for post-season play, and this qualification, likely led to a significant economic boost for the Pittsburgh area, according to Visit Pittsburgh and Pirates estimates.

Yesterday’s National League Wild Card game against the Chicago Cubs at PNC Park is estimated to have resulted in roughly $4.6 million to $5-plus million in direct spending. This includes ticket sales, hotel rooms, concession stand sales, restaurants, retail sales and other.

The Pirates organization comes up with this figure through an industry standard formula from the Destination Marketing Association International, a global trade association for official destination marketing organizations.

"Congratulations to the entire Pirates organization for yet another great season of baseball and for continuing to put our city in the national spotlight," says Craig Davis, CEO, Visit Pittsburgh "Ninety-eight wins and going 8- 2 on their final road trip with the pressure building demonstrates the resolve of this team and its coaches, and their success continues to benefit our city in so many ways."

 

While the direct spending is incredibly important, there are other things more difficult to calculate that are equal in importance.

"When the national television cameras show the Pittsburgh skyline, Point State Park, the inclines or one of Pedro's homeruns landing in the Allegheny River, it creates a tremendous level of positive publicity and exposure for our city—exposure that we could never afford otherwise," says Davis. "The best way for us to promote the city is for people to see the city.  And the Pirates have made sure that hundreds of thousands of people across the country have seen our beautiful city from afar—and Pittsburgh becomes a winner, too."

Earlier this month, The Dayton’s Project unveiled the first of several installations in the Dayton’s skyways. The whole development is on schedule to open this spring and will include retail shopping and direct access to the food hall on the lower level.  

 

CWT was recently awarded a $450,000 grant by the Minnesota Department of Employment and Economic Development, one of only six Minnesota companies selected this year.

The grant comes from the Job Creation Fund, which targets companies that are creating high-paying jobs in the state, while making the needed capital investments to support that growth. CWT is aiming to recruit 75 people over the next three years. It’s currently renovating its leased spaces at 701 Carlson Parkway to make way for the new hires.

 

The Minnesota State Fair is essentially a red carpet event for Minnesotans. That is, if red carpet events include food that is either fried, on a stick, or both. To celebrate the great love that Minnesotans have for their state, Radisson Blu Mall of America is offering state fair-themed meetings.