Economic Analysis: HHR will help grants pass on $ 10.7 billion impact over next 30 years – Horse Racing News

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The highly anticipated gaming, entertainment and dining venue, The Flying Lark in Grants Pass, Ore., Has released an Economic Impact Study analyzing the horse racing industry in partnership with Grants Pass Downs. The independent agency Hunden Strategic Partners (HSP) has identified a significant positive impact in terms of job creation, fiscal impact and income on the local economy, as well as the possibility of providing funding and stability to the local economy. horse industry throughout the region.

The Economic Impact Analysis identified the positive impact on Southern Oregon over the next 30 years, including:

  • $ 10.7 billion in net new spending
  • $ 3.6 billion in new net income
  • 2,007 net new full-time jobs
  • $ 361.9 million tax impact for Oregon

HSP conducted market research and interviews with representativestives of local, regional and national organizations to understand the horse racing industry and its impact through three main components: grants and the flying lark, fairs and expenses related to horses. The study was designed to determine the economic impact of the horse racing industry in Oregon with the Flying Lark in operation and to determine the value of the Flying Lark and Grants Pass Downs within the industry in Oregon.

“The local community was surprised to learn of the significant economic impact the horse racing industry had in Oregon during the 2012 Economic Impact Study,” said Randy Evers, President of Grants Pass Downs. “As horse racing struggles to survive in other states, the vision of the leaders of Grants Pass Downs and The Flying Lark will today be a major driver of economic growth and stability, especially for the South. Oregon, but also for the whole state. “

The study reveals the positive impact of the evolution of the industry. The Flying Lark has the unique opportunity to create a legacy, putting Grants Pass and the Josephine County Fairgrounds on the map as a year-round destination. Together with Grants Pass Downs, together they will help restore the horse racing industry, including horse owners, trainers, vets, jockeys and a wide range of partners, vendors and suppliers across Oregon. There is a positive cycle of spending and impact between gambling and horse racing.

Historical Horse Racing (HHR) revenues will complement the industry including:

  • The biggest purses of pari mutuel,
  • Increased interest in sport thanks to better running quality,
  • Rising visits resulting from growing interest,
  • Improving foal cultures as horse ownership becomes more profitable, and
  • Overall positive trends within the industry.

“The flying lark will have a substantial impact on thoroughbred breeding in Oregon,” said Lynnelle Fox Smith, executive director of the Oregon Thoroughbred Owners and Breeders Association. “Knowing that the scholarships will be significant and the installation successful, breeders will continue to invest in broodmares, stallions and breeding to support Oregon agriculture.”

The Flying Lark was founded by Grants Pass Native, Travis Boersma, with a commitment to horse racing and southern Oregon, open in the winter of 2021. The 35,000 square foot destination has something for everyone. world; including Jacks, a full-service family restaurant, Longshots Sports Bar, Winner’s Circle Bar centrally located on the top floor of the Historic Horse Racing Terminal (HHR), based on pari-mutuel and banquet facilities.

Known for its beautiful natural landscapes, parks, outdoor recreation and vineyards in southern Oregon, The Flying Lark will also open The Wonder Walk. This world-class equestrian art walk will beautifully surround the facility and feature works by regional artists who celebrate the majestic nature, power and beauty of horses.

About the flying lark

Proudly hailing from Grants Pass, Oregon, The Flying Lark is Southern Oregon’s premier game and entertainment destination, featuring an inviting family dining experience and the Wonder Walk outdoor art exhibit, featuring featuring regional artists. The Flying Lark, named after one of the most famous stallions in Oregon history, was designed for our customers, community and team members to celebrate the past, present and future, with the magic and beauty of horses. For more information and regular updates, visit: TheFlyingLark.com


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