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Stadium Jumping Events Bring More Than $66 Million in Economic Benefit to Wellington

Written by: Phelps Media Group, Inc.
Client: Morrissey Management Group (MMG) http://www.stadiumjumping.com/sj/index.cfm
Release Date: 2007-08-22

Report by Senior Fellow in Economics Points to the Importance of Stadium Jumping to the Wellington Community

Wellington, FL -August 23, 2007- Stadium Jumping's Winter Equestrian Festival and National Horse Show bring multi-million dollars of economic benefits to Wellington, according to a report issued today.

"Stadium Jumping's Winter Equestrian Festival and National Horse Show bring in more than $66.5 million in economic benefits for Wellington", said Dr. William B. Stronge Ph.D and Senior Fellow in Economics at Florida Atlantic University.

Dr. Stronge based his conclusions on both the Economic Impact report done by the Palm Beach County Tourist Development Council and a report by Economics Research Associates (ERA). After reviewing in detail both reports, Dr. Stronge concluded that the Winter Equestrian Festival and the National Horse Show resulted in direct expenditures of $66.5 million annually for the Village of Wellington.

The report by Economics Research Associates (ERA) also concluded that Palm Beach County equestrian residents spend an estimated $121 million dollars per year caring for their 11,000 horses and non-residents spend an estimated $135 million participating in equestrian events. Additionally, the report indicates that the Palm Beach County equestrian industry directly generates over $274 million dollars in annual expenditures.

The Palm Beach County Tourist Development Council report indicated that the Winter Equestrian Festival brought in more than $57 million to Palm Beach County.

The Palm Beach County Tourist Development Council (TDC) stated that the top five events which impact the local economy are the Winter Equestrian Festival, SunFest, South Florida Fair, Boca Festival of the Arts and the Delray Affair. The TDC indicated that these are in no particular order, however, the Winter Equestrian Festival was the only sporting event in the top five.

The Village of Wellington has made a substantial investment on infrastructure to help support the equestrian industry and equestrian uses within the Village. The Village Council has demonstrated that they understand the significant advantages which emanate from this industry. In February 2007, the Village of Wellington Council passed a resolution which concluded by saying, "The Village Council hereby states its strong position that the Horse Shows and other aspects of the Equestrian Industry should remain in the Village of Wellington..."

Stadium Jumping is one of the largest and most respected producers of equestrian events in the world. They began holding equestrian events in Wellington in 1979. While the equestrian shows have been growing, the amount of existing useable land for the showgrounds has diminished. Because of the need for more space and the fact that Stadium Jumping's lease terminates in December 2008, it has become necessary for Stadium Jumping to relocate.

"The primary goal in this relocation effort is to stay within the Village of Wellington", said Gene Mische, Stadium Jumping's Chief Executive. The chosen 179 acre showground's property is located on the southwest corner of 50th Street and 120th Avenue within the Wellington Preserve subdivision. Wellington Preserve is an existing, platted subdivision which has all roads, utilities and drainage in place. The proposed Wellington International Equestrian Arena and Showgrounds (WIEA) includes approximately 179 acres in the northeastern section of this subdivision. The 179 acres will be restricted by a permanent easement for use as equestrian showgrounds.

Stadium Jumping has been granted licenses for their equestrian shows by the United States Equestrian Federation (USEF). These licenses are site specific and the USEF has approved renewal of the licenses based upon the proposed location and the ability to provide specific amenities and facilities. It should be noted that while Stadium Jumping would be the primary user of WIEA, facilities would be available for other equestrian events when not being utilized by Stadium Jumping.

About Wellington International Equestrian Arena and Showgrounds
The United States Equestrian Federation (USEF) is the National Governing Body for equestrian sport as designated by the United States Olympic Committee. The USEF has established the following facility standards for the Wellington horse shows:


At least 10 competition rings, including a grass grand prix field of at least 4 acres, a grass derby field of at least 4 acres and an all-weather hunter ring of comparable quality to the grand prix field;
Not less than 9 separate schooling areas adjacent to the competition rings and 5 additional exercise rings;
A secure FEI area with stabling and exercise spaces;
A designated veterinarian and horse care facility;
A food court area, vendor sales area, feed store, maintenance equipment storage area, adequate spectator seating, public restrooms and vehicle parking areas;
Temporary structures designed to provide reasonably sufficient stall space, including wash stalls, for all entries until the permanent stalls are built and;
Site work, drainage and utility infrastructure in place and with approval of all required government agencies.
A large covered arena is planned for a future phase to extend the show season and provide for night classes and attracting different breeds. This multi-use building will also have the capacity to host small trade shows. There will be at least 2,200 stalls onsite with supporting facilities such as wash-stalls and grooming areas. Onsite spectator parking will also be provided.
The size and configuration of this parcel is of particular importance for safety.

Internationally recognized equestrian designer Robert Jolicoeur is designing a site plan for the Wellington International Equestrian Arena to meet these world-class specifications. Mr. Jolicoeur is president of International Equestrian Design (www.iedsopra.com), a firm that specializes in the design and planning of prestigious equestrian facilities. A process is in place that will include the involvement of the equestrian community in the site plan design process.

In addition, the company said it has assembled an outstanding team of experts to work with the surrounding community and governmental agencies with respect to environmental, road and other issues as the application proceeds. The team includes local experts such as O'Dell Land Development Consultants, Simmons & White Engineering, and Higgins Engineering.

About Stadium Jumping
Stadium Jumping currently operates and manages major hunter/jumper and dressage events in Wellington at the Palm Beach Polo Equestrian Club. The major events held at the showgrounds are: -National Horse Show. One of America's oldest and most prestigious shows that has been running since 1883.
-Winter Equestrian Festival. Nearly 5,000 horses show at this event that features over $4 million in prize money.
-Nation's Cup. The first Five Star equestrian event ever held in the United States.

One of the world's largest and most respected producers of equestrian events, Stadium Jumping, Inc. has produced the highly successful Winter Equestrian Festival since its inception in Wellington, Florida, in 1979. The company also manages the National Horse Show and Family Festival, now in its fifth year at the same show grounds. Before the equestrian tour moved to Wellington, Stadium Jumping created and operated the long-running Sunshine Circuit in other parts of Florida. The company also manages equestrian events in Lake Placid, NY; New Albany, Ohio; Tampa, FL; Cleveland, Ohio; and Charlotte, NC.

 

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