NWFL Regional Aquatic Center Set for Huge Economic Impact Locally

0
92

A new, regional Aquatic Center, a state‐of‐the‐art aquatic facility, is set to be constructed in Niceville, which would include a 50-meter, Olympic-sized pool. The center aims to provide a wide range of aquatic programs for locals and promote community well‐being as well as stimulate economic growth.

On June 13, the NWFL Regional Aquatic Center presented its highly anticipated Economic Impact Analysis to the Niceville Community Redevelopment Agency (CRA) at the Niceville City Council meeting. It was an opportunity for community members and local businesses to learn about the Economic Impact Analysis findings and participate in the discussion.

The analysis, conducted by expert economists and consultants, brought forth the economic benefits the Center could bring to Niceville, including an impact of $235 million on the local economy and the creation of more than 450 jobs. Evaluating the direct and indirect effects of the project on local businesses, job creation, tourism and overall economic growth, the analysis highlighted local benefits such as increased visitor spending and job boosts in the hospitality and service industries with the increase of tourists to the area, employment opportunities and tax revenue generation, all key factors that would contribute to local economic impact.

Aquatic Center familyOne advantage of the new aquatic center of this size in the Southeast Swim Region is the impact from visitors and tourists. Even though there will be ample opportunity for local swim teams, military and colleges to use it, early projections show that there could be as many as 12 events per year to start. If increased by two per year, by 2035, the Center could see up to 32 major events annually.

The proposed Regional Aquatic Center project does indeed feature a wide range of amenities for all ages and skill levels. It is slated to offer comprehensive aquatic programs including swimming lessons, water aerobics, competitive swimming and training. Indirectly, it will provide intangible benefits such as improved community well‐being, enhanced health and fitness opportunities and a hub for social gatherings and events. The facility will foster community spirit, sportsmanship and athletic achievement.