Break out the rose-colored glasses... UWF study paints a rosy picture.
Yeah, right.
From the PNJ...
The proposed acquisition of the USS Kitty Hawk as a downtown Pensacola tourist attraction could lead to an economic impact of up to $18 million a year, according to a new study by the University of West Florida’s Haas Center.
A preliminary draft of the study states, “The USS Kitty Hawk has the potential to become an intergral part of the Pensacola experience, bringing an additional attraction to the region along with the attendant visitors.
Data compiled by the study estimated the annual total economic impact of the aircraft carrier in the range of $8 million a year to a bit more than $18 million.
However, the study also estimated that refurbishment of the ship could cost $21 million, so it would take several years to recope the original investment.
Yet the Kitty Hawk would general “substantial local venues for local hoteliers, restaurateurs and the broader Escambia econonomy.