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

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Pass Downs Grants in Oregon

Highly anticipated gaming, entertainment and dining venue, The Flying Lark in Grants Pass, Oregon, 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 on job creation, the tax impact and on the income of the local economy, as well as the possibility of providing financing and stability to the equine industry throughout the region.

Economic impact analysis identified positive impact on southern Oregon over the next 30 years, including:

  • $10.7 billion in net new spending
  • $3.6 billion in net new revenue
  • 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 Pass Downs and Flying Lark, fairs and horse-related expenses. 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 horse racing industry. ‘Oregon.

“The local community was surprised to learn of the significant economic impact of the horse racing industry 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 today, the vision of the leaders of Grants Pass Downs and The Flying Lark will be a major driver of economic growth and stability, especially for southern ‘Oregon, but also for the whole state.’

The study reveals that the positive impact is changing 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. Working with Grants Pass Downs, they will together help restore the horse racing industry, including horse owners, trainers, vets, jockeys and a wide range of partners, vendors and suppliers across the ‘Oregon. There is a positive cycle of spend and impact between gaming and horse racing.

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

  • Larger purses thanks to pari-mutuel bets,
  • Increased interest in the sport due to better running quality,
  • Increase in the number of visits resulting from a growing interest,
  • Improved foal crops 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 purses will be strong and the facility will be 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, opening winter 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 located at the center of the state-of-the-art, mutual betting-based Historic Horse Racing (HHR) terminal floor, and banquet halls.

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 equine 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 gaming and entertainment destination, including an inviting family dining experience and the inspiring Wonder Walk outdoor art exhibit, featuring featured 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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