Historical, current, and future economic benefits and costs relating to Lake Waco, Texas

Figures & data

Table 1 Lake Waco annual visits.

Year	Total Day Visits	Campers	Total Visits
1999	1,734,963	35,407	1,770,371
2000	1,456,216	29,718	1,485,935
2001	910,006	18,571	928,577
2002	830,121	16,941	847,063
2003	853,748	17,423	871,172
2004	876,585	17,889	894,475
2005	974,760	9,846	984,607
2006	982,145 (1,298,982)	51,691	1,033,837
2007	1,031,251 (1,108,102)	54,276	1,085,528
2008	1,082,813 (929,295)	56,990	1,139,804
2009	1,136,954 (574,000)	59,839	1,196,794
2010	1,193,801	62,831	1,256,633
Note: Years 2006–2010 are estimated projections, based on previous use levels, with the actual reported visits in parentheses for comparison.

Figure 1 Annual visits to Lake Waco.

Table 2 MGM2 sector spending projections.

Year	Sector Spending	Jobs Supported	Total Taxes
1999	27,877,000	1,289	8,275,000
2000	23,398,000	1,082	6,946,000
2001	14,788,000	683	4,391,000
2002	13,490,000	623	4,006,000
2003	13,874,000	641	4,120,000
2004	14,245,000	658	4,230,000
2005	15,466,000	715	4,590,000
2006	16,279,000	753	4,166,000
2007	17,093,000	790	4,374,000
2008	17,948,000	830	4,593,000
2009	18,845,000	871	4,822,000
2010	19,788,000	915	5,063,000
Average	16,391,615	757	4,582,769

Table 3 Average activity spending projections.

Year	Day Spending	Camper Spending	Direct Taxes
1999	47,607,400	1,679,019	4,066,129
2000	39,958,575	1,409,260	3,412,846
2001	24,970,549	880,662	2,132,725
2002	22,778,540	803,354	1,945,506
2003	23,426,860	826,219	2,000,879
2004	24,053,506	848,320	2,054,400
2005	26,747,439	466,900	2,245,183
2006	26,950,062	2,451,227	2,425,606
2007	28,297,543	2,573,786	2,546,884
2008	29,712,410	2,702,475	2,674,228
2009	31,198,025	2,837,598	2,807,939
2010	32,757,909	2,979,476	2,948,334
Average	27,573,755	1,573,715	2,404,666
Note: Table 3 projections for 2006–2010 assume a 5% camper use of the total visits rather than the 2% in the previous years (more and better facilities). These calculations use $27.44 spent per day visit and $47.42 per camping visit.

Table 4 Economic impact of lakes in Itasca County, Minnesota, and of Lake Waco.

Economic	Per Acre	Total	Total
Impact	of Lake	Impact	Impact
		Itasca County	Lake Waco
Number of jobs sustained	0.0067	54 jobs	148 jobs
Direct consumer purchases	$371	$3,008,144	$8,244,000
Direct and indirect impacts	$605	$4,906,296	$13,446,000
Total value added	$270	$2,193,712	$6,012,000

Figure 2 Annual average economic impacts by method. Dziuk estimate based on approach of Dziuk and Heiskary (2003).

Dziuk , H and Heiskary , S . 2003 . Local economic impact of healthy lakes . LakeLine , 23 ( 3 ) : 21 – 23 .

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