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Nevada analyst lays out Allegiant Stadium model and economic projections as lessons for Hawaii
Summary
Applied Analysis presenter described how Nevada used legislation, public-private partnerships and community benefits agreements to build Allegiant Stadium, produced higher-than-expected visitation and tax revenue, and urged Hawaii to model assumptions carefully and pair assets with supporting infrastructure.
Jermaine Aguerro of Applied Analysis told the Senate tourism and gaming working group on March 12 that Las Vegas'style tourism-leveraging assets—stadiums or large venues combined with gaming and hotels—can produce sizable economic output but must be modeled to local conditions.
"At the outset, it was a jobs bill," Aguerro said of the Allegiant Stadium effort in Nevada. He reviewed the Nevada process (a tourism infrastructure committee, special-session legislation including Senate Bill 1 and Assembly Bill 1) and the implementation timeline that led from committee recommendations to…
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