I make no apology for using the Durham Center for Performing Arts as an example of what could lay ahead for Wilmington if the Stadium is built and redevelopment along the River Front occurs. The annual figures for DCPA were released last week and those interested might use the article published in this past Sundays edition of the Greensboro News and Record as reference to the fact that DCPA is the number one attraction venue in the United States with over 400,000 patrons last year. This beats New York City and Vegas. The DCPA returned 1.8 million dollars to the city of Durham. This redevelopment of Durhams inner city was made possible because of the redevelopment of the Durham Bulls Stadium. Now the entire downtown is filled with both commercial and residential growth.
The Wilmington Convention Centers economic impact on Wilmington is far short of it's capabilities but conservative est. would indicate 15 million in revenue for city business owners and over 1 million in tax revenue on sales. I believe The Wilmington Convention Center will continue to show a positive growth pattern and within 5 years become one of North Carolina's most sought after convention sites.
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