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Denver Sports Public

Policy Analysis

Efe Edevbie
B.A. Sport Management, University of Michigan
Population Change
● From 1990 to 2015, Denver’s population has changed
from 467,610 to 682,545, a 46% increase (Social
Explorer).
● From 1990 to 2015, the population of the surrounding
counties of Jefferson, Adams, and Arapahoe has changed
from 1,094,979 to 1,631,860, a 49% increase (Social
Explorer).
● Denver’s population growth has largely matched that of
its surrounding suburban areas. In an era of decreased
centrality, Denver has done a lot to buck this trend.
Fiscal Stability

● I define this as 1) the health and growth of a region’s


major industries and 2) increase in economic wealth for
residents.
○ Minimal volatility in major industries provides for a sturdy
backbone for a local economy.
○ Increasingly wealthy residents contribute back into the economy,
safeguarding and reassuring financial viability.
Fiscal Stability
● Major Industry Health/Growth
○ The Professional, Scientific, and Technical Services industry has
grown by more than 12,000 jobs in Denver since 2002 (On The Map).
○ The Accommodation and Food Services industry has grown by has
grown by more than 12,000 jobs in Denver since 2002 (On The Map).
Fiscal Stability
● Residential Economic Wealth
○ Inflation-adjusted household income in Denver has rose
significantly over the past ten years, from $59,589 in 2006 and $71,
296 in 2011 to $83,293 in 2016 (Social Explorer).
Location of Jobs
● Concentration of Denver-Aurora-Lakewood MSA jobs in
Downtown Denver has remained fairly consistent, with
the downtown area holding 9.7%, 8.8%, and 9.4% of its
jobs in 2002, 2008, and 2015 respectively (On The Map).
● However, a higher concentration of certain
industry-specific jobs has rendered to some centrality for
Downtown Denver (cont.).

Downtown Denver
Location of Jobs
● Downtown Denver has a high portion of jobs from the
overall MSA in the following key industries (On the Map
2015), compared to its overall 9.4% share.
○ Mining, Quarrying, and Oil and Gas Extraction (68.3%)
○ Public Administration (34.8%)
○ Professional, Scientific, and Technical Services (20.2%)
○ Management of Companies and Enterprises (20.0%)
○ Arts, Entertainment, and Recreation (14.8%)
○ Finance and Insurance (14.5%)
○ Accommodation and Food Services (12.3%)

Downtown Denver
What are the implications of using a regional tax to
concentrate benefits in a central city?

● This, overall, is an acknowledgment of large urban cities


as important economic centers. Establishing a regional
tax that accrues benefits to one area implies that a
central city’s economic prosperity is vital to the overall
region. Even moreso, its prosperity is valued over the
suburban communities in which the tax dollars are
coming from.
CAFR Trends
● There has been a rather consistent rise of total net assets
since about 2004.
○ The city, overall, has become more valuable over the past
decade-plus.
● There has been a fluctuation in total bonded debt for the
city, rising and falling in multi-year increments (i.e. rose
from 2002-2003 but fell from 2004-2006).
CAFR Trends
● There has been a consistent rise in sales and use tax
income.
● There have been inconsistent returns from investment
income (as high as $39.9 Million in 2007 and as low as
$2.5 Million in 2013).
○ I.e. Sports stadiums, for example, and other investments are not
reliable sources for increased economic wealth.

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