An independent study shows a new Ryan Field stadium on the campus of Northwestern University in Evanston would have a $1.2 billion economic impact in Cook and Lake Counties by 2031.
completed by consulting firm Tripp Umbach shows a new Ryan Field stadium would have a $1.2 billion economic impact in Cook and Lake Counties by 2031, with $659.9 million in economic impact to the City of Evanston during the construction process alone.
“Our numbers show that rebuilding the stadium provides powerful possibilities that greatly enhance an already vibrant, thriving community,” Paul Umbach, founder and president of Tripp Umbach, said. “Our study shows that the stadium will bring significant tax revenue to Evanston from visitors to the community, thereby allowing the City to invest in civic improvements, public safety and quality of life.”The study estimates football and game day visitors economic impact will grow from $50.
“Northwestern greatly values our relationship with all of our neighbors and sees this amazing, privately-funded project as a big win for everyone,” said Dave Davis, executive director of Neighborhood and Community Relations for Northwestern.
The project is funded privately through donations, especially from the Patrick and Shirley Ryan family, to Northwestern University, taking the financial weight off Evanston residents.
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