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40 40 In 1998, two separate analysis of tourism and Dodger expense impacts were compiled by the Vero Beach -Indian River County Chamber of Commerce and the Indian River County Community Development Department. The Chamber of Commerce analysis estimated an annual economic impact of $29 million. The Community Development Department analysis reflected in Table 3, estimates a $31 million annual impact. TABLE 3 �1 .price Pavroll' mrect [moact $4,200,525 Multiiplict 2 indirect Impact $4,200,525 Total Impact $8,401,050 Utilities' $465,000 1.4 5186,000 5651,000 Local Purchase of goods and S1,200.000 1.81 $972,000 $2,172,000 services' Donations to Charities' $27,657 NA $27,657 Tourism' $10.621,000 1.81 $8,603,010 519,224.010 Real Estate Taxes' $370,000 NA $320,000 State and Local Taxes' $450,000 NA $450,000 TOTAL ECONOMIC $17.284,182 513,901,535 531,245,7i7 IMPACTS . Li 'Provided by Dodgertmvn Stall' 2Based on 1992.spending The values displayed in the Direct Impact column reflect actual expenditures that flow into Indian River County's economy. Line items such as payroll, utilities, local purchase of goods and services, donations to charities, real estate taxes, and slate and local taxes are expenditures by the Dodgers organization. The tourism line item represents the annual expenditure by tourists that visit Indian River County to attend Dodger hall games. Included in that tourism figure are expenditures for accommodations, retail goods, and meals. Multiplying the direct impact by a multiplier produces a total economic impact of that line item. A multiplier represents the amount of expenditure that is generated from the initial purchase. For example, a payroll multiplier of 2 indicates that for every dollar of payroll expenditure for the Dodgers, an additional one dollar expenditure will be generated in Indian Enver County's economy. The indirect impact is determined by subtracting the direct impact from the total impact, 14-2