Study: Miller Park has generated $2.5 billion in net economic impact

 

MILWAUKEE (CBS 58) -- A new study offers a look at the economic boost Miller Park brings to Milwaukee and the surrounding region.

The Metropolitan Milwaukee Association of Commerce commissioned the study last summer.

The results, released Monday afternoon, show that Miller Park has generated $2.5 billion in net economic impact over the last 20 years.

Net impact refers to revenues that would not have happened were it not for the stadium's existence.

MMAC officials call that a conservative estimate.

"What it also does is put us on the map as a Major League destination that has intangible benefits in terms of attracting people here, making this an area that's attractive for job, investment and business growth," said Steve Baas, MMAC VP of Government Affairs.

The authors of the report also say Miller Park helps generate 1,800 jobs annually. 

The release of the study comes as the sales tax hike that helped pay for the stadium prepares to sunset later this year.