A recently released study, commissioned by the city of San Antonio, reveals that the Alamodome has made a significant economic impact over its 30 years in operation. According to the study conducted by Steve Nivin, an economics professor at St. Mary’s University, the Alamodome has generated close to $4 billion for the city since its opening in May 1993. The study results were announced at a celebration of the facility’s anniversary this month.
The Alamodome is regularly host to prominent musical acts, like the Red Hot Chili Peppers, Bad Bunny, and Elton John, as well as conventions and exhibitions that bring visitors from other states, as well as international guests. In total, nearly 34 million people have attended various events at the Alamodome, and it employs 33,000 people. The economic impact resulting from these visitors’ direct spending, which encompasses what they spend on food, beverages, shopping, entertainment, hotels, and rental cars, amounts to $2.7 billion. The remaining economic influence stems from indirect channels, such as restaurants which must increase their inventory orders to feed visitors and pay employees overtime wages that they later spend at local shops and chain stores. The report did not include all sources of income, such as promoting or marketing the concerts and events within the local area, so it is a conservative estimate.
Last year proved particularly fruitful for the stadium, which hosted three of the top 10 highest-grossing concert tours worldwide. Bad Bunny’s September concert, in particular, attracted 54,000 fans and set a new record for ticket sales at the Alamodome, accumulating over $11 million. Upcoming concerts include Pink and Guns ‘N Roses. The stadium is also home to the San Antonio Spurs, the Valero Alamo Bowl, the NBC All-American Bowl, the WWE Royal Rumble, and the XFL spring football league, attracting sports fans and generating repeat revenue.