On Surrounding Local Areas Dr. Mark A. Bonn



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Economic Impact of Selected Florida Springs




on Surrounding Local Areas



Dr. Mark A. Bonn

Dedman School of Hospitality
College of Business

Florida State University

Tallahassee, Florida


and
Dr. Frederick W. Bell

Department of Economics

Florida State University

Tallahassee, Florida


for
The Florida Department of Environmental Protection

Division of State Lands

Florida Springs Task Force

April 10, 2003



Table of Contents
Page

List of Tables………………………………………………………………………………….. v
List of Figures………………………………………………………………………………… vii
Acknowledgement…………………………………………………………………………… viii
Authors’ Biographical Information…………………………………………………………. ix
Executive Summary…………………………………………………………………….…….. xi
Chapter 1 Scope and Purpose of the Economic Impact of Selected………………………. 1

Springs/Parks in Florida


Introduction……………………………………………………………………... 1

Scope of this Report……………………………………………………………. 2

Study Methodology…………………………………………………………….. 2
Chapter 2 Direct Regional Economic Impact of Ichetucknee Springs, Florida…….…….. 4

on Surrounding Local Areas


Description of the Ichetucknee Springs………………………………………… 4

Natural Resource Protection……………………………………………………. 4

Annual Trends and Seasonal Use of Ichetucknee Springs State Park………….. 6

Economic Profile of the Areas Surrounding Ichetucknee Springs……………. 11

Direct Economic Impact of Ichetucknee Springs: The Model………………… 19

Estimation of the Direct Economic Impact of the Ichetucknee Springs………. 22


Chapter 3 Direct Regional Economic Impact of Wakulla Springs, Florida…………… 28

on Surrounding Local Areas


Description of the Wakulla Springs…………………………………………… 28

Natural Resource Protection…………………………………………………… 29

Annual Trends and Seasonal Use of Wakulla Springs State Park…………….. 30

Economic Profile of the Area Surrounding Wakulla Springs…………………. 36

Direct Economic Impact of Wakulla Springs: The Model……………………. 43

Estimation of the Direct Economic Impact of the Wakulla Springs………….. 44



Chapter 4 Direct Regional Economic Impact of Homosassa Springs, Florida…………… 51

on Surrounding Local Areas

Description of the Homosassa Springs………………………………………… 51

Natural Resource Protection…………………………………………………… 52

Annual Trends and Seasonal Use of Homosassa Springs State Park…………. 53

Economic Profile of the Area Surrounding Homosassa Springs……………… 58

Direct Economic Impact of Homosassa Springs: The Model………………… 63

Estimation of the Direct Economic Impact of the Homosassa Springs……….. 63



Chapter 5 Direct Regional Economic Impact of Blue Spring, Florida…………….…….. 69

on Surrounding Local Areas

Description of the Blue Spring……………………………………………….. 69

Natural Resource Protection…………………………………………………… 70

Annual Trends and Seasonal Use of the Blue Spring State Park……………... 71

Economic Profile of the Area Surrounding Blue Spring……………………... 74

Direct Economic Impact of Blue Spring: The Model………………………… 79

Estimation of the Direct Economic Impact of the Blue Spring………………. 80


Chapter 6 Summary of the Economic Impact of Selective Springs in Florida……………86

and Generalizations to Other Springs in Florida

Introduction……………………………………………………………………. 86

Comparison and Contrast……………………………………………………… 87

A Comparison with Another Study……………………………………………. 91

References……………………………………………………………………………………. 94
Appendices…………………………………………………………………………………… 96
Appendix A: Florida Springs Visitor Survey…………………………………. 97

Appendix B: Ichetucknee Springs Visitor Study 2003………………………... 98

Appendix C: Wakulla Springs Visitor Study 2003……………………………. 99

Appendix D: Homosassa Springs Visitor Study 2003……………………….. 100

Appendix E: Blue Spring Visitor Study 2003………………………………. 101

Appendix F: Springs Visitor Study Overall 2003……………………………. 102



List of Tables

Table 2.1: Population, Income, Per Capita Income, Jobs and Earnings Per Job……………… 13

In and Around the Ichetucknee Springs Area, 1990 & 2000


Table 2.2: Socioeconomic Characteristics of Counties in Florida Containing………………... 17

the Ichetucknee Springs State Park, 2000


Table 2.3: Estimation of the Direct Economic Impact of Visitors Associated……………….. 24

with Ichetucknee Springs, Fiscal Year 2002



Table 2.4: Estimation of Categories of Spending by Those Visitors Outside………………… 27

the Ichetucknee Springs Area, Florida, 2002


Table 3.1: Population, Income, Per Capita Income, Jobs and Earnings Per Job……………… 37

In Wakulla County, Florida Relating to Wakulla Springs State Park,

1999 & 2000
Table 3.2: Socioeconomic Characteristics of Wakulla County, Florida ………………………42

Containing the Wakulla Springs State Park, 2000


Table 3.3: Estimation of the Direct Economic Impact of Visitors Associated……………….. 45

with Wakulla Springs, Fiscal Year 2001-2002


Table 3.4: Estimation of Wakulla Springs Visitors by Category in………………………….. 48

Wakulla County, Florida, 2002


Table 4.1: Population, Income, Per Capita Income, Jobs and Earnings Per Job……………… 59

In Citrus County, Florida Relating to Homosassa Springs State Park,

1999 & 2000
Table 4.2: Socioeconomic Characteristics of Citrus County, Florida………………………... 60 Containing the Homosassa Springs State Park, 2000
Table 4.3: Estimation of the Direct Economic Impact of Visitors Associated………………. 65

with Homosassa Springs, Fiscal Year 2001-2002


Table 4.4: Estimation of Homosassa Springs Visitors by Category in………………………. 68

Citrus County, Florida, 2002


Table 5.1: Population, Income, Per Capita Income, Jobs and Earnings Per Job……………… 77

In Volusia County, Florida Relating to Blue Springs State Park,

1999 & 2000
Table 5.2: Socioeconomic Characteristics of Volusia County, Florida………………………. 78 Containing the Blue Springs State Park, 2000
Table 5.3: Estimation of the Direct Economic Impact of Visitors Associated………………. 82

with Blue Springs, Fiscal Year 2001-2002


Table 5.4: Estimation of Blue Springs Visitors by Category in……………………………… 85

Volusia County, Florida, 2002


Table 6.1: A Summary of the Direct Economic Impact of Ichetucknee; Wakulla; …………. 88

Homosassa and Blue Springs State Parks on the Local Economy, 2002



List of Figures
Figure 2.1: Trend in Attendance at Ichetucknee Springs, Florida, 1992-2002……………….. 7
Figure 2.2: Seasonal Attendance Index for Ichetucknee Springs, Florida, 1992-2002………. 10
Figure 3.1:Trend in Attendance at Wakulla Springs, Florida, 1992-2002…………………… 31
Figure 3.2: Seasonal Attendance Index for Wakulla Springs, Florida, 1992-2002…………… 34
Figure 4.1: Trend in Attendance at Homosassa Springs, Florida, 1992-2002………………... 54
Figure 4.2: Seasonal Attendance Index for Homosassa Springs, Florida, 1992-2002……….. 57
Figure 5.1: Trend in Attendance at Blue Springs, Florida, 1992-2002……………………….. 72
Figure 5.2: Seasonal Attendance Index for Blue Springs, Florida, 1992-2002……………….. 75







ACKNOWLEDGEMENTS

This project owes its success to a number of individuals. First, Mr. James A. Stevenson, Chairman of the Florida Springs Task Force, Department of Environmental Protection, Division of State Lands, is recognized for his vision to provide an accurate understanding of the importance Florida springs have upon the state’s economy. His leadership in allocating monetary resources to support the project is acknowledged.

Special recognition is given to all of the individuals responsible for this study’s data collection efforts and include: Rhonda Upton, Greg Brumfiel, Greg Fountain and Christine Brazier. Drew Moser, research assistant, is to be thanked for data editing, coding and entry. Karen Wells is to be recognized for her assistance with the typing of the first draft. Finally, my research manager, Mo Dai, is to be recognized for her invaluable assistance with all project tasks including: data analysis, editing, and preparation of all reports and presentations.

Mark A. Bonn, Ph. D.

Principal Investigator




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