Adelaide Oval has helped Adelaide cement its cool status, hosting two massive crowd-pulling events in the space of two days and continuing to boost the State’s economy.
We might be biased but we think that Adelaide Oval is one good looking stadium. Since its revamp, the iconic venue has taken its place at the top of the list as one of the best sporting grounds in the world. Along with that, Adelaide has been put on the map (even more so) as a place to visit, with some absolutely ripping internationally followed events being held at the oval.
Normally we aren’t one for an injection but when it involves a massive amount of money being injected into the State’s economy, we say bring it on!
With an Economic Research Consultants study showing the economic benefit to be $170 million in 2014 plus an associated gross regional value of a further $74.5 million, this total of 244.5 million is only expected to grow, with the numbers being put at $330 million in 2015.
Adelaide Oval SMA Chairman, John Olsen AO, says, “To put this into context, the Adelaide Festival delivers an economic benefit of $74 million, while the Fringe delivers a benefit of $68 million and the Clipsal 500 delivers an economic benefit of $60 million.”
“The Adelaide Oval has established itself as a powerhouse in South Australia’s events and entertainment industry and it is continuing to produce major benefits for our State.”
By the end of Monday night, over 100,000 people would have walked through the gates of Adelaide Oval. Firstly for Showdown 39 between the Adelaide Crows and Port Power on Sunday July 19, and then for the Liverpool FC versus Adelaide United FC game on Monday July 20.
With such huge numbers flooding through the gates, it comes as no surprise that this has resulted in great economic benefit for our State.
When Adelaide hosted the ICC Cricket World Cup it generated around $90 million in ‘direct spending’.
Adelaide Oval has been the gift that keeps on giving, with 570 jobs having been created since the redevelopment and a further 520 jobs created for the 2015 ICC Cricket World Cup – in a time where jobs are hard to come by, this has been welcome news to all South Australians.
“The redevelopment of Adelaide Oval was always about much more than football and cricket and these figures are certainly proof that this intent has become a reality.”