An economic impact study released this month by researchers at Leadville’s Colorado Mountain College shows the popular race series, including the famous Leadville Trail 100 mountain bike race, delivers a strong boost to Leadville.
The survey of 813 racers from 26 states showed that racers spent an average of $1,795 during their race time in Lake County. They spent 6.77 days and brought 3.65 people with them. Life Time Fitness, which owns the race series, spends $648,392 on salaries and services to host the eight events.
The report showed the 2012 races and training camps prompted race attendees and organizers to spend $7.9 million in lodging, food, gas, transportation and gifts.
The indirect spending from race visitors — ripple effects from the direct spending of $7.9 million – totaled $1.6 million. The study also quantified the induced spending — like an employee spending additional money earned during a race — at $5.7 million.
Thank you to all past, present and future participants for making this a reality for the Leadville community.