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11-11-15 Meeting of the La Porte Development Corporation Board of Directors
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11-11-15 Meeting of the La Porte Development Corporation Board of Directors
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La Porte TX
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Agenda PACKETS
Date
11/11/2015
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TourismSector <br />TourismrelatedactivityisnotasignificantcomponentoftheLaPorteeconomy,butthecity <br />doeshavealonghistoryofattractingvisitorstoSylvanBeach.Inrecentyears,SylvanBeach <br />remainedapopulardestinationforfamilyoutingsandthePavilionhostedlocaleventsbefore <br />itsclosingafterHurricaneIke.Currently,effortsareunderwaytoincreasetourismactivityin <br />thearea.HarrisCounty,forexample,hascompletedaSylvanBeachParkMasterPlanandhas <br />allocatedfundsforbeachreclamation.A2007hotelfeasibilitystudybyPKFconsultingfound <br />thattheSylvanBeachareacouldsupporta250roomfullservicehotel,thoughnohotelhas <br />yetexpressedinterestintheproperty.LaPorteisalsoexploringstrategiestolinkMain <br />Street,the5PointsDevelopment,andSylvanBeach.Outoftownvisitorsstillspendmillions <br />ofdollarsatlocalhotelsandshopseachyear.In2006,the$45.1millionindirectspendingby <br />LaPortevisitorssupported400localjobsandgenerated$1.1millionintaxrevenue. <br />Table11:AnnualEconomicImpactofLaPorteVisitorSpending <br />DestinationStateTaxLocalTax <br />SpendingEarningsReceiptsReceipts <br />Year(millions)(millions)Employment(millions)(millions) <br />$34.8$10.0400$0.9$2.4 <br />2002 <br />$35.5$9.9400$0.9$2.4 <br />2003 <br />$36.0$9.8380$0.8$2.4 <br />2004 <br />$42.2$11.1420$1.0$2.7 <br />2005 <br />$45.1$11.4410$1.1$2.8 <br />2006 <br />Source:OfficeoftheGovernor,EconomicDevelopmentandTourism <br />Figure11:VisitorDestinationSpending(2008) <br />$120 <br />$100 <br />$80 <br />$60 <br />$40 <br />$20 <br />N/A <br />$0 <br />BaytownDeerParkLaPorteLeagueCityTexasCity <br />Source:OfficeoftheGovernor,EconomicDevelopmentandTourism <br />20 <br />| <br />City of La Porte, Texas - Economic & Demographic Assessment January 2009 <br /> <br />
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