An economic impact study for the construction and operation of a planned motorsports destination in Pinal County, released by the developers, estimates the project will generate $1.2 billion in economic impact while adding 15,000 jobs.
The study released by Danrick Builders, estimates that Attesa, a planned 2,150-acre motorsports complex near Casa Grande, will generate $1.8 billion a year once the facility is completed.
Elliott D. Pollack & Company conducted the economic study for the project that was announced last June.
“Casa Grande and the State are going to begin benefiting the day we break ground and the impact is only going to grow going forward,” stated Pat Johnson, president of Danrick Builders.
Projected construction costs for the project are estimated at $1.1 billion, and Attesa would create 9,565 indirect and induced person years of employment during the construction, creating $347.6 million in related wages and an estimated $1.2 billion in economic activity, according to the report.
The study was initiated in May and estimates economic and fiscal impacts, evaluating construction operations and stimulated tourism based on projected land use by type along with an expected schedule of events.
The completed motorsports facility is projected to employ 13,331 full and part-time employees, ranging from race track jobs to manufacturing and commercial jobs, according to the report. There are millions of tourism dollars expected to be spent, according to the report, on the track’s five planned spectator events.
The economic impact study relies upon results and assumptions provided by Danrick Builders, Frost Motorsports and Hunden Strategic Partners for feasibility studies; and HilgartWilson, responsible for civil engineering, planning and construction management. Snell & Wilmer is responsible for zoning and land use.
Attesa is currently going through the entitlement process in Pinal County with ground breaking expected in fall 2017.
The facility will feature two 2.8-mile tracks, hotel and convention center, industrial and residential parks plus a 6000-ft. private airstrip.
Attesa’s on-track activity will be mostly for research, development and testing, but there are plans for five major spectator events each year.
The study estimates there will be about 371,000 annual track attendance with visitor spending reaching $40 million, including money spent on lodging.