FOR IMMEDIATE RELEASE
Under Armour Baltimore Running Festival Generated
$28 Million in Economic Impact;
Charitable Contributions Surpassed $1M for First Time
(Baltimore, Md., December 8 )--The 10th annual Under Armour Baltimore
Running Festival contributed an event record $27,879,215 to the city and
state's economy according to a recent study by RESI, an economic research
and consulting firm located at Towson University (see chart below). This
past October the event attracted 22,438 runners, also an all-time high, and
marked the eight consecutive year of at least 10% growth from the year
prior. In all, 50 states and 24 countries were represented in the 2010
field.
Source: RESI
| Year |
Visitors |
Total $ Impact |
Hotels |
Food |
Retail |
Transportation |
Entertainment |
| 2010 |
62,826 |
$27,879,215 |
$5,924,333 |
$5,924,333 |
$4,181,882 |
$4,878,863 |
$6,969,804 |
| 2009 |
57,075 |
$25,327,120 |
$5,382,013 |
$5,382,013 |
$3,799,068 |
$4,432,246 |
$6,331,780 |
| 2008 |
49,000 |
$21,743,750 |
$4,620,547 |
$4,620,547 |
$3,261,563 |
$3,805,156 |
$5,435,938 |
| 2007 |
40,600 |
$18,016,250 |
$3,828,453 |
$3,828,453 |
$2,702,438 |
$3,152,844 |
$4,504,063 |
| 2006 |
33,292 |
$14,773,325 |
$3,139,332 |
$3,139,332 |
$2,215,999 |
$2,585,332 |
$3,693,331 |
| 2005 |
30,416 |
$13,497,278 |
$2,868,171 |
$2,868,171 |
$2,024,592 |
$2,362,024 |
$3,374,319 |
| 2004 |
26,700 |
$11,843,510 |
$2,516,745 |
$2,516,745 |
$1,776,527 |
$2,072,614 |
$2,962,877 |
| 2003 |
22,400 |
$9,940,000 |
$2,112,250 |
$2,112,250 |
$1,491,000 |
$1,739,500 |
$2,485,000 |
| 2002 |
19,600 |
$8,697,500 |
$1,848,219 |
$1,848,219 |
$1,304,625 |
$1,522,063 |
$2,174,375 |
| 2001 |
25,200 |
$11,182,500 |
$2,376,281 |
$2,376,281 |
$1,677,375 |
$1,956,938 |
$2,795,625 |
| Total |
367,109 |
$162,900,448 |
$34,616,344 |
$34,616,344 |
$24,435,069 |
$28,507,580 |
$40,727,112 |
"I couldn't be happier with the across-the-board outcomes of our 10th
anniversary event" stated Lee Corrigan, the event's Executive Director and
President of Corrigan Sports Enterprises. "Without the unwavering support
we receive from city and state agencies, along with our sponsors, the Under
Armour Baltimore Running Festival would not exist. The fact that this event
has generated almost $163 million for our local and state economies since
we started in 2001 is a direct reward for all of the hard work thousands of
people put into this magnificent day and once again confirms our formula
for success."
The charitable proceeds generated by the event topped $1M for the first
time ($1,030,000) in one year. Special Olympics Maryland, The United Way of
Central Maryland, The Leukemia and Lymphoma Society, Helping Up Mission,
Parks and People, Sadie’s Gift, Badges for Baseball, and Big Brothers, Big
Sisters of Central Maryland are some of the area’s benefiting charities.
More than $6 million has been raised for charity since the event’s
inception.
For the fourth straight year, all of the event’s races sold out. Online
registration for the 2011 Under Armour Baltimore Running Festival will open
this Monday, December 13th and another record-breaking field is expected.
Next year the Under Armour Baltimore Running Festival will take place on
Saturday, October 15th throughout the streets, neighborhoods and historic
sites of Baltimore.
ABOUT CORRIGAN SPORTS ENTERPRISES
The Under Armour Baltimore Running Festival is produced by Corrigan Sports
Enterprises (www.corrigansports.com), a leader in sports promotions in the
Baltimore/Washington D.C. region. Founded in 1991, CSE owns and operates
the following events: Under Armour Baltimore Running Festival, , The
CareFirst Blue Cross Blue Shield Frederick Running Festival, The Under
Armour All-America Lacrosse Classic, the Oakland Running Festival, the Pro
Beach Volleyball Tour, the University of Maryland Heart Center Baltimore
10-Miler and the Baltimore Bike Jam.
###
|
