# Indian River Lagoon

Economic Assessment and Analysis Update
Contract No. 24706

For the 

# Indian River Lagoon National Estuary Program

Photo by E. Van Os provided by the SJRWMD40548-001C004.cdr 

# St. Johns River Water Management District

South Florida Water Management District

Final Report August 18, 2008 In cooperation with40548-001L005.doc Hazen and Sawyer, P.C. 4000 Hollywood Boulevard, 750N Hollywood, Florida 33021 (954) 987-0066 Fax: (954) 987-2949


### August 18, 2008

Mr. Troy Rice, Director INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM ST. JOHNS RIVER WATER MANAGEMENT DISTRICT 525 Community College Parkway, S.E. Palm Bay, Florida 32909
Indian River Lagoon Economic Assessment and Analysis Update, FINAL REPORT, Contract No. 24706 Dear Mr. Rice: We are pleased to submit the report titled “Indian River Lagoon Economic Assessment and Analysis Update”. This document describes the estimated 2007 recreational uses and economic value of the Indian River Lagoon to residents and visitors of the five counties that comprise the Lagoon system. These counties are Volusia, Brevard, Indian River, St. Lucie, and Martin. The methods and data used to construct these estimates are also provided in this report. The estimated values in this report include the economic contribution, use and non-use values of the Indian River Lagoon to residents and visitors, the value of living on or near the Lagoon,and the economic contribution of Lagoon-related research, restoration, education and commercial fishing. Project team members responsible for this study are myself, as project manager, and economists Dr. Jack Kiefer with Hazen and Sawyer, and Dr. Sean Blacklocke and Dave Sayers as Independent Consultants. Economist Dr. J. Walter Milon provided overall review of this study. Mr. Ken Lyons of Perceptive Market Research provided the survey researchers and the survey team management for the visitor and resident surv eys. Mr. Mike Weber of Perceptive Market Research led survey researchers Daniel Carver and Austin Stout as they conducted the visitor intercept survey. Sandra Anderson of Perceptive Market Research led the resident telephone survey. We have enjoyed working with you and District staff throughout this project. Very truly yours,

HAZEN AND SAWYER, P.C.



### Grace M. Johns, Ph.D. Senior Associate and Economist

Enclosure

c: File No. 40548-00140548-001\Wpdocs\Report\R2 Final

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-1 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS UPDATE HAZEN AND SAWYER, P.C. 

# Executive Summary

The Indian River Lagoon is an Estuary of National Significance and one of twenty-eight (28) national estuary programs in the U.S. The Indian River Lagoon National EstuaryProgram is working toward the goals of attaining and maintaining the water and sediment quality needed to support a healthy seagrass-based ecosystem, endangered and threatened species, fisheries and recreation in the Lagoon.


## Study Purpose This study updated the economic values of the Indian River Lagoon that were estimated in 1995. The study area for this project is the Indian River Lagoon, including Mosquito Lagoon and Banana River Lagoon, and associated tributaries including but not limited to the St. Lucie River Estuary, St. Sebastian River, Turkey Creek, Crane Creek, Moore’s Creek, and the inlets of Ponce de Leon Inlet, Port Canaveral Inlet, Sebastian Inlet, Ft. Pierce Inlet, St. Lucie Inlet, and Jupiter Inlet. The residents surrounding the Indian RiverLagoon are located in the counties of Volusia, Brevard, Indian River, St. Lucie and Martin. The uses and values presented in this study represent the year 2007.



## Economic Value of th e Indian River Lagoon The 2007 economic value of the Indian River Lagoon is provided in Table ES.1. Overall, residents and visitors of the five Indian River Lagoon counties received about $3.7 billionin benefits in 2007 because of the existence of the Indian River Lagoon in its 2007 environmental condition. Table ES.1 Estimated Annual Economic Value of the Indian River Lagoon in its Existing Environmental Condition, 2007 Indian River Lagoon Related- Value (1) Recreational Expenditures $1,302,000,000 (2) Recreational Use Value $762,000,000 (3) Non-Use Value of Lagoon $3,400,000 (4) Real Estate Value, annualized $934,000,000 (5) Income Generated in IRL Counties $629,700,000 (6) Restoration, Research, Education Expenditures $91,000,000 (7) Commercial Fishing Dockside Value $3,800,000 Total Annual Value $3,725,900,00040548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-2 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. 

### The 2007 benefits of the Indian River Lagoon in its environmental condition that existed in 2007 are listed as follows.
(1) Recreational Expenditures – This value is the expenditures by residents of andvisitors to the five Indian River Lagoon counties associated with using the Lagoon for recreation. These counties are Volusia, Brevard, Indian River, St. Lucie and Martin. The expenditures include those made in the five Lagoon counties onthe day of Lagoon recreation and those made in Florida in 2007 for boat purchases, boat repairs and marina slip rental and dockage fees. The Florida purchases were allocated to the Lagoon based on the percent of boating days theboat owner spent on the Lagoon. This recreational expenditure value is $1.3 billion and is one part of the value that residents and visitors place on the Lagoon for recreation.
(2) Recreational Use Value – This value is recreators’ willingness to pay to visit the Lagoon in addition to their recreational expenditures. This value is $762 million and is the additional amount of money they would be willing to pay to recreate on the Lagoon in 2007. The sum of recreational expenditures and recreational use value is $2.1 billion and is the total value to recreators from recreating on the Lagoon in 2007.
(3) Non-Use Value of the Lagoon – This value is the willingness of all residents and visitors to pay to maintain the Lagoon in its existing environmental conditioneven if they never recreate on the Lagoon. This value is in addition to their recreational expenditures and use values. Non-use value is the annual value of the one-time tax they would be willing to pay to protect the Lagoon in its existing condition. The 2007 annual non-use value of these benefits is $3.4 million.
(4) Real Estate Values – This annual value is the contribution of the Lagoon to 2007 property values for homes located on and within 0.30 miles of the Lagoon and represents resident annual willingness to pay to live on or near the Lagoon. Thetotal contribution of the Lagoon to 2007 property values, $47 billion, was annualized at two percent discount rate and this annual value is $934 million.

(5) Income Earned by Residents – This value is the income received by residents as visitors and residents spend money to recreate on the Lagoon, to conduct Lagoon-related research, restoration and education, and to support the local commercial fishing industry. The 2007 value of this benefit is $630 million.

(6) Restoration, Research, Education Expenditures – This value is the funding of Lagoon-related restoration, research and education by the Federal and State governments, local governments and other interested parties. It represents the40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-3 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. 

### annual willingness of these entities to pay to restore and study the Lagoon. The 2007 value of this benefit is $91 million.
(7) Commercial Fishing Dockside Value – This value is the dockside market value of commercial fish harvested from the Lagoon in 2006, the most recent year of available data. This value is $3.8 million and represents the value consumers are willing to pay for fish species from the Lagoon.
The estimated 2007 economic value of the Lagoon’s 72,400 acres of seagrass as it supports the recreational and commercial fisheries is $329 million per year or $4,600 per year per acre of seagrass. If this seagrass value is the same each year into the future, then the present value of the $4,600 per acre per year over the next 100 years at a 2 percent annual discount rate is $227,000 per acre. A discount rate is the rate at whichfuture benefits are reduced each year. The Lagoon’s seagrass is likely to provide additional values as related to water quality and aesthetics that provide benefits to recreators and those living on the Lagoon. Such values associated with the Lagoon’s seagrass were not estimated during this study.
The recreational use value and the non-use value of the Indian River Lagoon would increase by about $80 million per year if there were a significant increase in the amountand diversity of wildlife on the Lagoon and increased water quality throughout the Lagoon system. This increase reflects higher resi dent and visitor willingness to pay to improve the environmental quality of the Lagoon but does not include increases in other types of Lagoon values. Recreational expenditures, real estate values, and commercialfish harvests may each increase under improved conditions. These values were not estimated during this study.
In 1995, the estimated economic value of the Indian River Lagoon was $731 million. There are two major differences between the value estimated in 1995 and the 2007 value of $3.7 billion estimated in this study which prevents a direct comparison of the two values. (1) The 1995 value includes the enhanced property value of non-vacant residential properties whereas the 2007 value includes the enhanced property value ofall developable properties on or near the Lagoon, including non-vacant and vacant properties. (2) The non-use value reflected in the 1995 value of $731 million includes the value associated with improvements to the Lagoon, most of which have already beenpaid for and implemented and are therefore, not comparable to the 2007 non-use values.40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-4 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. 

## Recreational Uses of the Indian River Lagoon The number of person-days that residents and visitors spent recreating on the Indian River Lagoon by primary recreation activity is provided in Table ES.2. A person-day isone person participating in a recreation activity for all or a part of one day. Only the primary recreation activity that day was counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.
In 2007, residents of the five Indian River Lagoon counties spent 7.7 million person-days and visitors to these counties spent 3.2 million person-days recreating on the Indian River Lagoon for a total of 10.9 million person-days.

Table ES.2 Estimated Number of Person-Days Residents and Visitors Spent

in Recreation Activities on the Indian River Lagoon in 2007 (a)

Activity Number of Person-Days % of Total Person-Days Fin Fishing 3,985,000 37% Swimming or Wading 2,223,000 20% Power Boating, including water skiing, tubing or cruising 1,380,000 13% Sunset Cruising or Viewing the Lagoon from Shore while birdwatching, hiking, jogging or strolling 834,000 8% Picnicking 758,000 7% Canoeing or Kayaking 561,000 5% Sailing on a sailboat 525,000 5% Shrimp Netting and Fishing for Clams, Oysters or Crabs 207,000 2% Parasailing, windsurfing or kite sailing 197,000 2% Personal Water Craft including jet skis and wave runners 163,000 2% Water Fowl Hunting 30,000 0.28% Total 10,863,000 100%
(a)

A person-day is one person participat ing in a recreation activity for all or a part of one day. Only the primary recreation activity that day was counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.



### The most popular recreation activities were fin fishing, swimming or wading, and power boating each comprising 37 percent, 20 percent and 13 percent, respectively, of the totalrecreation person-days. Viewing the Lagoon from shore while bird watching, hiking, jogging, strolling or Sunset Cruising comprised eight percent of the total recreation persondays. Other primary recreation activities included picnicking, canoeing or kayaking, and sailing on a sailboat with five to seven percent of total recreation days each. Primary rec-40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-5 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. 

### reation activities that comprised two percent of total recreation person-days were shrimp netting or fishing for clams, oysters or crabs and parasailing, windsurfing or kite sailing. Water fowl hunting comprised less than one percent of total recreation person-days.



## Economic Contribution of the Indian River Lagoon The economic contribution of the Indian River Lagoon in 2007 is provided in Table ES.3. In 2007, the activities dependent on the Indian River Lagoon generated $1.6 billion in thevalue of goods and services produced in the Lagoon counties and, in the case of Lagoon-related boat-related expenditures, in Florida. The production of these goods andservices generated $630 million in income to residents and $112 million in State and local tax revenues. These activities supported 15,000 full and part-time jobs. Of the $630 million of income, at least $358 million accrues to residents of the five county Lagoon area and the rest accrues to residents in all of Florida.

Table ES.3 Economic Contribution of the Indian River Lagoon in 2007 (a) Activity Output (b) Income (c) Employment (d) Tax Revenue (e) Recreation Expenditures Residents $143,000,000 $61,000,000 2,400 $10,000,000 Visitors $450,000,000 $217,000,000 6,000 $28,000,000Lagoon-Related Boat Expenditures in Florida $891,000,000 $272,000,000 4,300 $70,000,000 Restoration, Education and Research Funding $150,000,000 $78,000,000 2,100 $3,500,000 Commercial Fishing $5,700,000 $1,700,000 156 $145,000 Total $1,639,700,000 $629,700,000 15,000 $111,645,000
(a)

Includes the direct, indirect and induced effects of t he activity to the Indian River Lagoon counties of Volusia, Brevard, Indian River, St. Lucie and Martin counties. However, the economic contribution of Lagoon-related Boat-related Expenditures in Florida includes direc t, indirect and induced effects within Florida. (b)

Output is defined as the value of the additional goods and services produced in the study area due to the Lagoon-related activities. (c) Income is the sum of wages, salaries, proprietor's income , profits, rents, royalties and dividends due to the Lagoon-related activities. (d)

Employment includes the number of full-time and part-time jobs created due to the Lagoon-related activities. (e)

Tax revenue is the sum of the excise taxes, property taxes, fees, licenses, and sales taxes collected due to theLagoon-related activities. It excludes taxes on profit and income because these values are included in the income contribution repo rted in the table.40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-6 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. 

## Value of Living On or Ne ar the Indian River Lagoon.The impacts of the Indian River Lagoon on property values in the five counties of the Indian River Lagoon system were presented in Table ES.1 under the heading called Real Estate Value. The values associated with each county and in total are provided in Table ES.4. Statistical analysis of property data found that the Indian River Lagoon contributes $47 billion to the property values in the five county area as shown in column (2) of thetable. This impact is 22 percent of the market value of all property in the area. The annualized value provides an estimate of the value that residents place on living on or within 0.30 miles of the Lagoon each year and is provided in the column (3) of the table. This annualized value is $934 million per year for all five counties of the Lagoon system.

Table ES.4 Value of Living On or Near the Indian River Lagoon

County Total Impact of Lagoon on Property Values Annualized Value of Lagoon to Residents Who Live On or Near the Lagoon (a) (1) (2) (3) = (2) x 0.02 Volusia $1,959,000,000 $39,000,000 Brevard $20,345,000,000 $407,000,000 Indian River $5,830,000,000 $117,000,000

St. Lucie $12,298,000,000 $244,000,000

Martin $6,363,000,000 $127,000,000 All Five Counties $46,795,000,000 $934,000,000

(a)

Refers to properties within 0.30 miles of t he Indian River Lagoon. Annualized value is the total impact value in Column (2) times a 2 percent real discount rate.



## Economic Value of the Indi an River Lagoon By CountyThe economic value and economic contribution of the Indian River Lagoon to each Indian River Lagoon county are provided in Table ES-5 through Table ES-9. The first nine rows of each table itemize the economic value of the Lagoon to residents and visitors of the county in 2007. The total estimated economic value is provided in row (10).
The economic contribution of resident and visitor daily expenditures as they used the Lagoon for recreation in 2007 is provided in rows (11) through (15). For example, inVolusia County, these expenditures generated $168 million in the value of output produced in the county, $77 million in income to residents in Volusia County, 2,400 full and part time jobs and $11 million in tax revenue in 2007. The economic contributions of the Lagoon-related boat-related expenditures in Florida, the restoration, research and education expenditures, and the commercial fishing dock-40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-7 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. 

### side value cannot be allocated to each county. This is because it is not known where, in Florida, the boat-related goods and services were purchased, and where, in the Lagoon counties, the commercial fish was harvested and the restoration, research and education money was spent. Thus, the actual economic contribution of the Lagoon to each county is likely to be greater than is reported in these tables.
The last row, row (16), provides an estimate of the number of person-days residents and visitors in the county spent recreating on the Lagoon in 2007. For example, 2.9 million person-days was spent in Volusia County recreating on the Indian River Lagoon.

Table ES-5 Estimated Annual Values of the Indian River Lagoon to Residents and Visitors of Volusia County, 2007 in Dollars Environmental Condition of Lagoon in 2007 Indian River Lagoon Related Row Number Value Recreational Expenditures (1) Daily Expenditures (2) $234,880,000 Boat Expenditures in Florida (3) $120,966,000 Recreational Use Value (4) $184,808,000 Non-Use Value in Existing Condition (5) $1,208,000 Real Estate Value, annualized (6) $39,000,000 Income Generated in IRL Counties From Daily Recreation Expenditures (7) $77,000,000 Restoration, Research, Education Expenditures (8) Commercial Fishing Dockside Value (9) Not allocated to counties Total Economic Value (10) $658,000,000 Economic Contribution of the Daily Recreation Expenditures (a) (11)

Output (12) $167,783,000 Income (13) $76,996,000 Employment, number of full and part time jobs (14) 2,382 Tax Revenue (15) $10,573,000 Number of Recreation Person-Days (b) (16) 2,847,000 (a)

Does not include the economic contribution of boat expenditures in Florida. Also, see footnotes under Table ES.3 for definitions of Ou tput, Income, Employment and Tax Revenue. (b)

A person-day is one person participating in a re creation activity for all or a part of one day. Only the primary recreation activity that day was counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-8 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. Table ES-6 Estimated Annual Values of the Indian River Lagoon to Residents and Visitors of Brevard County, 2007 in Dollars Environmental Condition of Lagoon in 2007 Indian River Lagoon Related Row Number Value Recreational Expenditures (1) Daily Expenditures (2) $301,138,000 Boat Expenditures in Florida 

### (3) $172,818,000 Recreational Use Value 

### (4) $269,240,000 Non-Use Value in Existing Condition 

### (5) $1,164,000 Real Estate Value, annualized 

### (6) $407,000,000 Income Generated in IRL Counties From Daily Recreation Expenditures 

### (7) $100,000,000 Restoration, Research, Education Expenditures 

### (8) Commercial Fishing Dockside Value 

### (9) Not allocated to counties Total Economic Value 

### (10) $1,251,360,000 Economic Contribution of the Daily Recreation Expenditures (a) 

### (11) Output 

### (12) $215,121,000 Income 

### (13) $99,924,000 Employment, number of full and part time jobs 

### (14) 3,112 Tax Revenue 

### (15) $13,658,000 Number of Recreation Person-Days (b) 

### (16) 4,026,000
(a)

Does not include the economic contribution of boat expenditures in Florid a. Also, see footnotes under Table ES.3 for definitions of Out put, Income, Employment and Tax Revenue. (b)

A person-day is one person participating in a re creation activity for all or a part of one day. Only the primary recreation activity that day wa s counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-9 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. Table ES-7 Estimated Annual Values of the Indian River Lagoon to Residents and Visitors of Indian River County, 2007 in Dollars Environmental Condition of Lagoon in 2007 Indian River Lagoon Related Row Number Value Recreational Expenditures (1) Daily Expenditures (2) $128,439,000 Boat Expenditures in Florida (3) $59,408,000 Recreational Use Value (4) $90,220,000 Non-Use Value in Existing Condition (5) $275,000 Real Estate Value, annualized (6) $117,000,000 Income Generated in IRL Counties From Daily Recreation Expenditures (7) $43,000,000 Restoration, Research, Education Expenditures (8) Commercial Fishing Dockside Value (9) Not allocated to counties Total Economic Value (10) $438,342,000 Economic Contribution of the Daily Recreation Expenditures (a) (11)

Output (12) $89,897,000 Income (13) $42,949,000 Employment, number of full and part time jobs (14) 1,232 Tax Revenue (15) $5,741,000 Number of Recreation Person-Days (b) (16) 1,422,000
(a)

Does not include the economic contribution of boat expenditures in Florida. Also, see footnotes under Table ES.3 for definitions of Ou tput, Income, Employment and Tax Revenue. (b)

A person-day is one person participating in a re creation activity for all or a part of one day. Only the primary recreation activity that day was counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-10 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. Table ES-8 Estimated Annual Values of the Indian River Lagoon to Residents and Visitors of St. Lucie County, 2007 in Dollars Environmental Condition of Lagoon in 2007 Indian River Lagoon Related Row Number Value Recreational Expenditures (1) Daily Expenditures (2) $78,068,000 Boat Expenditures in Florida (3) $78,950,000 Recreational Use Value (4) $119,532,000 Non-Use Value in Existing Condition (5) $491,000 Real Estate Value, annualized (6) $244,000,000 Income Generated in IRL Counties From Daily Recreation Expenditures (7) $24,000,000 Restoration, Research, Education Expenditures (8) Commercial Fishing Dockside Value (9) Not allocated to counties Total Economic Value (10) $545,041,000 Economic Contribution of the Daily Recreation Expenditures (a) (11)

Output (12) $52,706,000 Income (13) $20,022,000 Employment, number of full and part time jobs (14) 759 Tax Revenue (15) $3,399,000 Number of Recreation Person-Days (b) (16) 1,424,000
(a)

Does not include the economic contribution of boat expenditures in Florida. Also, see footnotes under Table ES.3 for definitions of Ou tput, Income, Employment and Tax Revenue. (b)

A person-day is one person participating in a re creation activity for all or a part of one day. Only the primary recreation activity that day was counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.40548-001\Wpdocs\Report\R2 Final EXECUTIVE SUMMARY AUGUST 2008

INDIAN RIVER LAGOON NATIONAL ESTUARY PROGRAM PAGE ES-11 INDIAN RIVER LAGOON ECONOMIC ASSESSMENT AND ANALYSIS HAZEN AND SAWYER, P.C. Table ES-9 Estimated Annual Values of the Indian River Lagoon to Residents and Visitors of Martin County, 2007 in Dollars Environmental Condition of Lagoon in 2007 Indian River Lagoon Related- Row Number Value Recreational Expenditures (1) Daily Expenditures (2) $60,888,000 Boat Expenditures in Florida (3) $65,857,000 Recreational Use Value (4) $98,224,000 Non-Use Value in Existing Condition (5) $271,000 Real Estate Value, annualized (6) $127,000,000 Income Generated in IRL Counties From Daily Recreation Expenditures (7) $18,000,000 Restoration, Research, Education Expenditures (8) Commercial Fishing Dockside Value (9) Not allocated to counties Total Economic Value (10) $370,240,000 Economic Contribution of the Daily Recreation Expenditures (a) (11)

Output (12) $38,567,000 Income (13) $17,776,000 Employment, number of full and part time jobs (14) 571 Tax Revenue (15) $2,691,000 Number of Recreation Person-Days (b) (16) 1,145,000
(a)

Does not include the economic contribution of boat expenditures in Florida. Also, see footnotes under Table ES.3 for definitions of Ou tput, Income, Employment and Tax Revenue. (b)

A person-day is one person participating in a re creation activity for all or a part of one day. Only the primary recreation activity that day was counted. If a person participated in more than one recreation activity that day only the primary activity, as chosen by the survey respondent, was counted.